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The Toncoin price soared 8% in the last 24 hours and 13% in a week to trade at $6.97 as of 02:29 a.m. EST on trading volume that skyrocketed 147% to $572 million.
The pump made TON the top gainer in the past day among major cryptos by market capitalization.
The crypto market overall tumbled 1% to a $2 trillion market capitalization.
Toncoin Price Could Continue Surging
The Toncoin price has been on a tear since August 5, as the $5 level acted as a cushion that the bulls capitalized on, according to data from GeckoTerminal.
In the last ten days, the price of Toncoin movements formed a double bottom pattern as the bulls struggled to push TON above the $7 resistance.
The Toncoin price bulls aim to capitalize on the double bottom pattern to push the price of Toncoin above the resistance zone. TON now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming an uptrend.
Moreover, the Relative Strength Index (RSI) is trading up towards the overbought region, currently at 65, which shows the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) has also crossed above the neutral line, confirming the current uptrend.
The green bars crossing above the zero line also show that the price of TON is currently on a positive momentum.
Toncon Price Prediction
According to the Toncoin price analysis on the 4-hour chart, the price of TON is currently on an uptrend, as the bulls aim to capitalize on the significant indicators to push the price up.
The 50-day SMA is also moving up, showing signs of crossing above the 200-day SMA.
If the 50-day SMA crosses the 200-day SMA, a golden cross could form, adding to the bullish prospects of the token.
If the bulls manage to push the price above the $7 resistance, TON could soar higher as the bulls target $8.
Conversely, if the bears take control of the price at this level, the TON price could correct slightly to the $6.5 support level (50-day SMA).
As the Toncoin price soars, investors are also buying the new meme coin Crypto All-Stars (STARS), which YouTuber Jacob Bury says could soar 10X after its launch.
The Crypto All-Stars Presale Blasts Past $534K – Best Meme Coin To Buy Now?
The Crypto All-Stars presale is rapidly gaining attention in the meme coin community, having raised over $534K in a week.
This innovative platform goes beyond being just another token; it’s pioneering a new era in meme coin staking through its unique MemeVault protocol, which is set to redefine decentralized finance.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
MemeVault allows investors to stake popular meme coins like Dogecoin ($DOGE), Pepe ($PEPE), and Shiba Inu ($SHIB) to earn substantial rewards in $STARS, the platform’s native token.
The meme coins that can be staked on Crypto All-Stars include Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.
You can also earn passively through the project’s native staking mechanism, which offers an eye-popping 2,898% in annual rewards.
You can buy the token now for $0.0013911. With a price increase coming in about a day, you should act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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