Can Toncoin (TON) Price Break $10?

Bittime – This bull market took Toncoin (TON) to the top with a significant 8% surge overnight.

This bullish close, despite slowing during the week, signals a strong bullish trend ahead.

The question is, will this bullish trend continue in the coming days and push TON price through the psychological level of $10? Check out our complete Toncoin price prediction.

Toncoin Has the Potential to Experience a Breakout Rally This June

Toncoin, the crypto asset associated with the TON blockchain, is showing positive signs and could potentially experience a breakout rally this June. This is driven by several strong fundamental and on-chain factors.

Check Today's Crypto Market:

June On-Chain TON Factor

• Number of Active Wallets Hits Record High: Recorded 6,884,649 active wallets on the TON blockchain, indicating increasing adoption and interest in the platform.
• Daily & Monthly Active Wallets Also Hit Record Highs: These numbers indicate high user activity and consistent use of the TON blockchain.

Toncoin (TON) Price Movement

• 8% Price Surge: The market price of TON token currently stands at $6.77 after experiencing an 8% surge in the last 24 hours.
• Moderate Intraday Drop: Despite the significant increase, the TON token price experienced an intraday correction of 0.73%.

1 Day Chart Analysis: Bullish Moves and Pullback Signals

The 1-day chart shows a bullish pattern aiming to break the trend line and end the lower high formation. However, the intraday pullback triggered signals of a potential downside cycle that would test the long-term support line.

Although the bullish engulfing candle indicated a possible uptrend continuation, the move failed to break the overhead resistance line.

Therefore, sideline traders (traders who have not yet taken a position) wait for clearer price action confirmation on the daily chart before making a decision.

Is TON Price Capable of Breaking $10?

Driven by the bullish altcoin trend and the expansion of The Open Network ecosystem, TON's upward price movement shows strong potential to continue.

Based on the Fibonacci retracement levels, TON price has a chance to reach $10 after breaking the $7.50 barrier.

A break of the overhead trend line will be a crucial bullish signal for traders who are still hesitant to join this uptrend.

Also Read How to Buy Crypto:

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.