Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Toncoin Rises to $10: Analysis of Key Support and Resistance Levels
ALTCOIN NEWS

Toncoin Rises to $10: Analysis of Key Support and Resistance Levels

By Crypto FlexsOctober 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Toncoin Rises to : Analysis of Key Support and Resistance Levels
Share
Facebook Twitter LinkedIn Pinterest Email
  • present Toncoin’s support levels appear to offer a favorable risk/reward profile.
  • Price action for TON targets $10.

Toncoin (TON) has recently attracted the attention of investors and analysts alike, with significant changes in its price movements.

Historical data shows that the price of TON rarely falls below its one-year moving average and typically only falls during bear markets.

With the overall cryptocurrency market showing strength, a one-year moving average can provide a favorable entry point, offering a strong risk/reward profile for long-term holders.

Source: CryptoQuant

The question many are wondering is whether TON will experience a significant breakout as its holder base continues to expand.

Forecast based on increase in number of holders

Current TON support levels suggest promising prospects for long-term investment. Along with the price movement, a rapid increase in the number of Toncoin holders is also noticeable.

Recent trends suggest that TON may soon surpass Ethereum in number of holders. While ETH currently has 137 million holders, TON has reached 112 million, with approximately 500,000 new holders added every day over the past month.

If this growth rate continues, TON could outperform ETH holders by the end of December. However, if growth slows, this milestone could be extended until early 2025.

Source: CryptoQuant

In terms of price action, TON’s recent performance has been mixed. The 4-hour TON/USDT price chart showed a clear downward trend after breaking out of the descending triangle.

This pattern served as an important base by establishing a support level around $4.50. After this drop, TON rebounded and formed a rising wedge in what is generally seen as a bearish setup, suggesting that there may be downward pressure.

tonton

Source: Trading View

TON’s main resistance level is around $5.41, a point it is struggling to hold. If TON breaks above this level, we could target the next important resistance at $6.05.

However, if TON fails to break out, it could fall back to the $4.50 support level. As of press time, TON is trading around $5.15, with momentum suggesting it may rise to $5.71. If TON breaks above $5.71, it could aim for a significant rise towards $10.

TON fees and supply

Meanwhile, September 27 marked a notable moment in Toncoin’s blockchain history, with users paying a record total fee of 77,972 TON. At a price of $5.79, this is equivalent to approximately $451,457.

This highlights the growing demand for Toncoin’s blockchain services and supports its long-term growth potential.

The current total supply of TON is 5.11 billion compared to Solana’s supply of 587.38 million. If TON’s fully diluted valuation (FDV) eventually matches Solana’s value, the price could reach $20.47.


Is your portfolio green? Check out our Toncoin Profit Calculator


ton

Source: X

Toncoin’s growing user base and favorable support levels could present an attractive opportunity for investors.

The current trend appears bullish, but sustained buying pressure and a break above resistance levels are essential for a significant upward trajectory.

Next: The surge in Shiba Inu exchange influx isn’t all bad news. Here’s why:

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025
Most Popular

Analysts predict Bitcoin price to rise above $200,000 after BTC’s bullish momentum returns

July 17, 2024

Spot Ethereum (ETH) exchange-traded fund (ETF) still has less than 50% chance of approval in May: JPMorgan

April 11, 2024

TyDolla$ign Accidentally Burns SUNDOG, Justin Sun Issues Refund

October 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.