{"id":566112,"date":"2024-08-19T09:08:38","date_gmt":"2024-08-19T09:08:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=566112"},"modified":"2024-08-19T08:51:22","modified_gmt":"2024-08-19T08:51:22","slug":"toncoin-price-prediction-ton-the-best-24-hour-performer-after-an-8-pump-as-analysts-say-this-new-meme-coin-might-be-the-next-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/toncoin-price-prediction-ton-the-best-24-hour-performer-after-an-8-pump-as-analysts-say-this-new-meme-coin-might-be-the-next-to-explode","title":{"rendered":"Toncoin Price Prediction: TON Tops Gainers With 8% Pump As Analysts Say This New Meme Coin Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Toncoin price soared 8% in the last 24 hours and 13% in a week <\/span>to trade at $6.97<\/span><\/a> as of 02:29 a.m. EST on trading volume that skyrocketed 147% to $572 million.<\/span><\/p>\n

The pump made TON the top gainer in the past day among major cryptos by market capitalization. <\/span><\/p>\n

The crypto market overall tumbled 1% to a $2 trillion market capitalization.<\/span><\/p>\n

Toncoin Price Could Continue Surging<\/h2>\n

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 <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) has also crossed above the neutral line, confirming the current uptrend.<\/span><\/p>\n

The green bars crossing above the zero line also show that the price of TON is currently on a positive momentum.<\/span><\/p>\n

\"Toncoin
Toncoin Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Toncon Price Prediction<\/h2>\n

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. <\/span><\/p>\n

The 50-day SMA is also moving up, showing signs of crossing above the 200-day SMA.<\/span><\/p>\n

If the 50-day SMA crosses the 200-day SMA, a golden cross could form, adding to the bullish prospects of the token.<\/span><\/p>\n

If the bulls manage to push the price above the $7 resistance, TON could soar higher as the bulls target $8.<\/span><\/p>\n

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).<\/span><\/p>\n

As the Toncoin price soars, investors are also buying the new meme coin <\/span>Crypto All-Stars (STARS)<\/span><\/a>, which YouTuber <\/span>Jacob Bury says could soar 10X after its launch.<\/span><\/p>\n