Lokesh Gupta
15-04-2024
#Toncoin price initially dropped to $5.20 but quickly rebounded, signaling the importance of surpassing $8.00 for further upward movement.
Toncoin outperformed Bitcoin, maintaining a level above $7.00, with a potential 10% increase capable of propelling it to $8.00.
The price movement of $TON adheres to an ascending channel pattern, suggesting sustained bullish sentiment.
Despite temporary dips below the channel on April 12th and 13th, robust buying activity near the support line promptly reversed the downtrend.
The surge in Toncoin's price coincides with speculation surrounding messaging app Telegram's potential IPO, indicating positive market sentiment.
This could potentially trigger a rally towards the $7.50 resistance level, with a breakout potentially fueling a surge towards $10.
According to Coingabbar Price Prediction, Conversely, failure to breach overhead resistance and a drop below $5.70 could lead to a downward spiral, potentially reaching $5.
KEY LEVELS :
RESISTANCE LEVEL : $7.70-$9.00
SUPPORT LEVEL : $6.20-$5.00
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
1 year ago
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