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The Toncoin price surged 13% in the last week and a fraction of a percentage in the past 24 hours to trade at $3.32 as of 1:15 a.m. EST on trading volumes that skyrocketed over 43% to $627 million.
The TON price is on a recovery, which has pushed the price up 24% in the last month. Can Toncoin continue the bullish rally?
Toncoin Price Tests Key Resistance: Bullish Momentum Building Or Just A Bounce?
The TON price has recently bounced off the 0.382 Fibonacci retracement level at around $2.95, rising toward the upper range of the current consolidation zone.
Toncoin price action is pressing against the $3.32 level, near the 50-day Simple Moving Average (SMA), which may act as a short-term resistance.
The overall structure shows a potential reversal pattern after months of decline, with a possible bottom forming between $2.55 and $2.95, as GeckoTerminal data shows.
Meanwhile, the 200-day SMA, however, remains overhead at $3.5720 and has consistently acted as a dynamic resistance throughout the downtrend.
The Relative Strength Index (RSI) stands at 65, signaling growing bullish momentum. It’s not overbought yet, but it is approaching the 70 threshold, where it could trigger some profit-taking.
Moreover, the Moving Average Convergence Divergence (MACD) has turned positive with a bullish crossover and widening histogram bars, further confirming short-term momentum is in buyers’ favor.
The price of Toncoin could push toward the 0.236 Fibonacci level at $3.61 in the short term. A break above the 200-day SMA would strengthen the case for a broader trend reversal, with $4.17 (the swing high) as a longer-term target.
However, failure to hold above $3.00 could result in the price of Toncoin retesting the $2.55 support zone.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to 99Bitcoins, a popular crypto YouTube channel with over 723K subscribers, SNORT could potentially soar 10X on launch.
Snorter Token Presale Rushes Toward $3 Million Mark
Snorter Token is a Telegram-based trading bot for crypto that offers a wide range of tools and features designed to simplify the crypto trading process for retail investors.
The project comes as an assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
Its advanced algorithms help investors navigate volatile markets, automate risk management, and capitalize on opportunities faster than manual trading.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
Not here to overhype — just liking what I see from @SnorterToken so far. pic.twitter.com/GMoG7HDehX
— Skay 🌊 (@Skaywgmi) June 11, 2025
However, Snorter bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other crypto trading bots.
The SNORT token, the project’s native cryptocurrency, has seen a growing investor base and community interest during its presale phase, having raised over $2.68 million.
The token is selling for $0.0999 and can be bought with SOL, ETH, BNB, or bank card. After purchase, the tokens can also be staked for a huge 161% annual return.
Interested investors will want to buy before a price hike in about 1 day.
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