#Toncoin token has broken above the significant resistance level at $5.68, achieving its highest point since March 25th.
On April 8th, #Toncoin ($TON) witnessed a surge above the resistance zone ranging from $5.50 to $5.69, indicating the commencement of a new uptrend phase.
After a period of sideways trading, Toncoin ($TON) has established itself firmly within an ascending channel pattern.
Within a 24-hour timeframe, Toncoin experienced a remarkable surge of over 22%, peaking at a record high of $7.11.
Over the past week, the TON token observed an impressive 41% surge, driven by speculation surrounding Telegram's IPO.
Looking ahead, the next ambitious target for Toncoin (TON) is projected at $7.80, which aligns with the 1.618 Fibonacci extension level.
According to Coingabbar Price Prediction, Breaking $5.70 would nullify the bullish view. Conversely, TON gets solid backing at $4.80, aligned with 78.60% Fibonacci retracement
KEY LEVELS :
RESISTANCE LEVEL : $8.00-$10.00
SUPPORT LEVEL : $5.50-$4.00
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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.
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