Lokesh Gupta
13-03-2024
#Toncoin forms a base around $2.00 before rallying towards $3.00, facing resistance and experiencing a notable decline, only to rebound upon reaching support at the symmetrical triangle trendline.
After bouncing from $2, TON experienced a parabolic surge and currently hovers around $4.50, nearing the upper trendline of the major channel.
On March 11, TON surged past a significant barrier of $3.00, mirroring BTC's trajectory, and sustaining its upward momentum.
In the last 3 days, TON's price soared by 60%, forming three consecutive green candles and achieving a new All-Time High.
$TON price surged 15% to $4.30, driven by upbeat forecasts and potential interest in the Telegram IPO, hitting its highest level since January 2022.
If bulls maintain a position above the ascending channel's upper resistance level, $TON is likely to target the upper resistance zone between $5.00 and $7.00 in the upcoming week.
However, failure to surpass the ascending channel's upper resistance might trigger a trend reversal, leading the price back towards its support level of $3.00.
According To Coingabbar's analysis, Toncoin Price Prediction 2030 it may achieve around $20 and Toncoin Price Prediction 2040 it could reach approximately $50
KEY LEVELS :
RESISTANCE LEVEL : $5.000-$6.000
SUPPORT LEVEL : $3.500-$2.500
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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.
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