Toncoin Price Set for 25% Rally Amid Strong Market Fundamentals
Toncoin (#TON) is showing bullish signs as it trades above a support level of $3.64, with a fully diluted valuation of approximately $19.4 billion and a 24-hour trading volume around $172 million. Analysts indicate a potential rebound with a target increase of at least 25%, aiming for a price range between $4.2 and $4.8.
- The price pattern indicates a triple bottom formation and rising divergence in the Relative Strength Index (RSI).
- The TD Sequential indicator has flashed a buy signal on the weekly chart.
- The Toncoin network has over $204 million in total value locked (TVL) and a stablecoin market cap exceeding $1.36 billion.
- Telegram is adopting the TON chain as its exclusive blockchain for mini-apps by February 21.
- TVM Ventures has allocated $100 million for developing DeFi protocols within the Toncoin ecosystem.
- Partnerships with LayerZero and Stargate aim to promote interoperable crypto adoption.
- Toncoin is re-entering the US market, with Kraken listing its top meme coins, Notcoin and Dogs.