Cryptocurrency Toncoin grew by 14% in a moment

The virtual coin Toncoin TON $1.44 Tokamak Network -4.17% Market capitalization $76.31 million VOL. 24 hours $34.63 million showed a 14% increase and has strengthened its position in the cryptocurrency market over the past day. However, at the time of writing, the price of the coin has fallen by more than 6%. Nevertheless, according to analysts, the next target for the token may be $ 4. Over the past few days, TON has been showing a consistent upward movement after breaking through a key resistance level.

Among the reasons for the growth, crypto market experts cite an increase in interest from retail and institutional investors, as well as community activity around the Toncoin network. This is also influenced by the latest updates in the project’s technological infrastructure and the development of the ecosystem, which increases the investment attractiveness of the coin. In addition, TON remains one of the few cryptocurrencies that have not experienced significant drawdowns during periods of market volatility.

Technical analysis confirms the upward trend: the price of TON has not only consolidated above the support level but is also within the upward channel. Indicators show additional potential for further upward movement, although some traders may take local profit-taking as they approach $ 4.

Analysts advise paying attention to trading volumes and price reaction on the approach to new highs. If TON can overcome the psychological level of $ 4, it will open the way for further growth, and a pullback below $ 3.50 may signal the end of the current growth wave.

In general, the current dynamics of TON indicates a strengthening of the coin’s position in the market. Support from the community, the technical base, and growing interest from major players may become the basis for the upward trend to continue in the near future.