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The Toncoin price surged 9% in the last 24 hours to trade at $5.97 as of 3:35 a.m. EST on a 185% surge in trading volume to $1.12 billion.
The pump came after news that TON would be listed on the world’s largest cryptocurrency exchange, Binance, today.
#TONCOIN is now listing on binance!
Its time to buy toncoin.#Binance pic.twitter.com/RQGXxYqPYT— CRYPTOonX (@namanshukla328) August 8, 2024
The token started trading on the platform at 10:00 UTC today, including four trading pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
Toncoin Price Analysis: Is a Bull Rally Imminent?
Toncoin has been on a steady uptrend, with the bulls driving the price higher, supported by a bullish channel in the daily chart. This dynamic support has allowed buyers to maintain a series of higher lows, indicating active asset accumulation during market dips.
However, the bears took over, pushing the price below the channel to the support zone at $5.3 after reaching a new all-time high of $8.25, leaving bulls struggling to regain control.
The current support zone seems strong, enabling the bulls to regroup and push the price upwards. Additionally, the support zone aligns with the 200 simple moving Average (SMA).
TONUSDT Analysis (Source: Tradingview)
Bulls have steadily driven the price up from below the channel’s lower trendline. The price, however, remains below the 50-day SMA, which may be a chance for the bears to drive the price back again.
Although there was a bearish phase in the Relative Strength Index (RSI), it bounced back from the oversold zone at 30, crossed above the midline at 50, and climbed to 56. This suggests strong buying pressure for the Toncoin price that could push the RSI into the overbought range.
The green histogram bars on the MACD indicator and the recent crossover of the blue line above the orange signal line further reinforces Toncoin’s bullish outlook. The price may break through the upper trendline if this upward momentum continues.
Toncoin Price Prediction
The Toncoin price is set for a significant bull rally despite the resistance posed by the upper trendline of the ascending triangle. Supported by strong technical indicators, traders leverage this bullish pattern to drive momentum toward a potential new all-time high of $11.82.
The sentiment among Toncoin traders remains positive, with expectations of continuing the bullish trend following the pennant formation. If momentum increases, it could push the price above the key resistance level of $8.25, confirming the anticipated bull rally.
Base Dawgz Presale Blasts Past $2.8 Million: Best Meme Coin to Buy Now?
The bullish sentiment around Toncoin is matched by that for the new Base meme coin Base Dawgz (DAWGZ), which is storming towards $3 million in funds raised in its presale.
Congrats on passing 2.8 million $DAWGZ 🥳
We’re getting closer. And hopefully we can give you an update next week 🤝 pic.twitter.com/mRvjOMwD6F
— Base Dawgz (@BaseDawgz) August 3, 2024
While the Base blockchain is its home, Base Dawgz offers a unique multi-chain experience with seamless interoperability across Ethereum, Solana, Binance Smart Chain, and Avalanche.
Holders can also stake DAWGZ tokens to earn an impressive 934% annual percentage yield (APY). The team has already set aside 20% of the token supply for staking.
The project will also launch the “Be Social for Airdrop” campaign to reward users with points. All you have to do is use your X account to create and share memes and other content about Base Dawgz. After the presale ends, users can exchange these points for $DAWGZ tokens.
According to ClayBro, a crypto analyst on YouTube with over 130K subscribers, $DAWGZ “could create millionaires” once it goes live.
If you are attracted to the presale, you can buy DAWGZ tokens on the official website for $0.007414 each. But don’t wait too long because the price will increase in less than 5 days.
Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
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