Toncoin Crypto Price Prediction 2022
The Toncoin (TON) crypto rallied over 13.74% today and in the past week is now up an impressive 26.88%.
Since the bottom of $0.75 on June 18, 2022, Toncoin is still up 146% and is trading at $1.85 at the time of writing.
Will Toncoin crypto continue to pump throughout the bear market?
Toncoin Crypto Price Prediction 2022
Since the end of July, the Toncoin (TON) crypto has maintained a steady pace within a strong uptrend. It is only recently that Toncoin has gained significant traction and a large trading volume.
Yesterday, the price of Toncoin rose up to $2.14 and has since seen a decline of 14.2%. At the time of writing, Toncoin is in a descending channel and could possibly see another breakout to the upside.
Should Toncoin be able to retest the $1.86 resistance trend line and break through, we could see positive price momentum up to the next technical target of $2.00.
It is important that Toncoin can hold the $1.71 support trendline to prevent loss of price structure and potential continuation to the downside.
It is also worth noting that after the recent bullish momentum, Toncoin now looks overbought on the relative strength index, this could mean that the bulls are running out of morale and a bearish reversal could take place.
A result of Toncoin being able to break through the $2.00 resistance level could reflect that Toncoin could retest the $2.14 high from yesterday.
If this level is broken, the Fibonacci extension shows that a pragmatic technical price target will be $2.25 for Toncoin crypto by Q4 2022.
Huobi Global Partners with TON $1.5 Million Prize Pool
A recent price catalyst may be the hype associated with Huobi Global’s centralized exchange partnering with TON.
Here’s the official tweet highlighting the big event ending on September 17, 2022, 12:00 UTC.
Huobi Global launches a deposit event for TON where traders can make deposits to enjoy high interest rates.
To be eligible, users must complete the TON spot transaction to earn the TON deposit quota.
In addition to this, Toncoin is also rumored to launch soon on the Binance exchange, which will create massive exposure and organic volume for TON and most likely positive price action.
Toncoin Crypto Video Analysis
According to Coinmarketcap, Toncoin has a market cap of $2.2 billion. Currently, 1.22 billion TON coins are in circulation out of the maximum supply of 5 billion.
With enough solid protocol upgrades and impeccable marketing efforts, we could certainly see Troncoin do a 5-10x by the next crypto bull run.
If you’re hoping to find a crypto that could be 5-10x before the end of this year, Tamadoge can deliver promising results.
