- Toncoin’s trading volume has surged 126% in the past 24H.
- TON Gaming Alliance integration enables IDOs via TON wallets.
Toncoin, the native token of the renowned TON blockchain, is currently making significant waves in the crypto market, having experienced an impressive 5% surge in the past 24 hours, climbing from $1.9883 to $2.1459. This marks a recovery day following a recent downturn and a bearish month where it had declined by 16%.
This surge coincides with Toncoin’s exciting new partnership with the prominent gaming platform, GameFi.or. The integration with TON and its inclusion in the TON Gaming Alliance aims to enable users to participate in IDOs through TON wallets, ultimately enhancing the Web3 gaming landscape. Additionally, it promises to provide crucial support for promising TON projects looking to launch their IDOs.
The news of this partnership has quickly garnered the crypto community’s attention, sparking anticipation about the potential developments it may bring. Notably, in the last 24 hours, the trading volume of Toncoin has seen an impressive 126% increase, totaling $40 million.
What’s The Future of TON’s Price?
A closer examination of Toncoin’s recent price movements on the daily chart reveals a prevailing bullish trend. The 50-day exponential moving average (EMA) currently stands at $1.9573, positioning itself below the current trading price. Furthermore, the daily relative strength index (RSI) hovers at 52, indicating a neutral market condition.
Meanwhile, many traders maintain an optimistic outlook for Toncoin, expecting potential gains that could drive its price into the range of $2.2484 to $2.4226. However, it’s crucial to exercise caution and bear in mind that a drop below the $1.8898 support level could undermine this bullish outlook, potentially leading to a retest of the $1.5927 support level.
