{"id":549853,"date":"2023-09-02T13:30:26","date_gmt":"2023-09-02T13:30:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=549853"},"modified":"2024-06-11T14:28:57","modified_gmt":"2024-06-11T14:28:57","slug":"toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/","title":{"rendered":"Toncoin (TON) Continues To Ride Bullish Wave, Eyes To Reclaim $2 Level"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Over the past 24 hours, the majority of the crypto market has been moving slowly, with the premier cryptocurrency Bitcoin falling below the $26,000 mark again. Toncoin, on the other hand, continues to defy the current market conditions, registering a significant price climb in the past day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The TON price experienced a substantial increase on the first day of September, which is consistent with its <a href=\"https:\/\/uniquehot.com\/toncoin-ton\/toncoin-up-over-8-in-the-last-week-how-far-can-it-climb\/\" target=\"_blank\" rel=\"noopener \">overall trend in August<\/a>.<\/span><\/p>\n<h2><strong>TON Soars By 11% In A Single Day<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Toncoin currently leads the altcoin market as one of the top gainers following an 11% price rise in the past 24 hours. In the same period, altcoins such as ETH and XRP appear to have succumbed to general market sentiment, suffering a 1% and 2% price dip, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, TON&#8217;s latest price spike only underscores its impressive performance in the past few weeks. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">data from CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the value of the cryptocurrency has swelled by more than 35% in the last seven days.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/toncoin-ton\/toncoin-ton-investors-load-up-their-bags-as-majority-of-cryptos-nosedive\/\" target=\"_blank\" rel=\"noopener \">Toncoin (TON) Investors Load Up Their Bags As Majority Of Cryptos Nosedive<\/a><\/div>\n<p><span style=\"font-weight: 400\">A broader look at Toncoin\u2019s price history shows that the token has been on an ascent since the start of August. After plunging to a year-to-date (YTD) low of $1.18 on the 4th of August, TON is currently on a nearly 64% price rally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The TON token is currently valued at $1.93, according to CoinGecko data. If this bullish momentum and the buying pressure continue to build, investors could see Toncoin return to the $2 mark.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, technical indicators do not seem to be in favor of the bullish momentum continuing. The daily Relative Strength Index (RSI), an indicator that tracks the balance between the buying and selling pressure of a token, is currently in the oversold region.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The daily RSI in the oversold zone can be an indication of a potential trend reversal. In this situation, this means that investors could see Toncoin reverse all its gains and embark on a downward trend.<\/span><\/p>\n<h2><strong>Can Toncoin Break Into The Top 10 Crypto Ranking?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">This recent positive performance has catapulted Toncoin onto the verge of becoming one of the top 101 largest cryptocurrencies by market cap. According to<a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\" target=\"_blank\" rel=\"noopener nofollow\"> CoinGecko data<\/a>, TON is the 12th-largest cryptocurrency with a market cap of roughly $6.64 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This puts it ahead of Polkadot, Polygon, and Litecoin, who occupy the 13th, 14th, and 15th positions, respectively. If TON continues its current price rally in this existing market condition, breaking into the top 10 ranking might be a possibility.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/polygon-matic-drops-below-crucial-level-will-sellers-exit\/\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) Drops Below Crucial Level \u2013 Will Sellers Exit?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Interestingly, a significant 92% increase in the token\u2019s daily trading volume adds further optimism to this scenario. An increase in trading volume can be a signal that investors are still dabbling into an asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With this, it would only be short-sighted to rule out more gains for the altcoin in the coming weeks.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/mD6lf4Ap\/\" alt=\"Toncoin\" width=\"1013\" height=\"595\"><\/p>\n<pre style=\"text-align: center\">TON's daily Relative Strength Index in the oversold zone | Source: TONUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/mD6lf4Ap\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the past 24 hours, the majority of the crypto market has been moving slowly, with the premier cryptocurrency Bitcoin falling below the $26,000 mark again. Toncoin, on the other hand, continues to defy the current market conditions, registering a significant price climb in the past day. The TON price experienced a substantial increase on the first day of September, which is consistent with its overall trend in August. TON Soars By 11% In A Single Day Toncoin currently leads the altcoin market as one of the top gainers following an 11% price rise in the past 24 hours. In the same period, altcoins such as ETH and XRP appear to have succumbed to general market sentiment, suffering a 1% and 2% price dip, respectively. Interestingly, TON&#8217;s latest price spike only underscores its impressive performance in the past few weeks. According to data from CoinGecko, the value of the cryptocurrency has swelled by more than 35% in the last seven days. Related Reading: Toncoin (TON) Investors Load Up Their Bags As Majority Of Cryptos Nosedive A broader look at Toncoin\u2019s price history shows that the token has been on an ascent since the start of August. After plunging to a year-to-date (YTD) low of $1.18 on the 4th of August, TON is currently on a nearly 64% price rally. The TON token is currently valued at $1.93, according to CoinGecko data. If this bullish momentum and the buying pressure continue to build, investors could see Toncoin return to the $2 mark.\u00a0 However, technical indicators do not seem to be in favor of the bullish momentum continuing. The daily Relative Strength Index (RSI), an indicator that tracks the balance between the buying and selling pressure of a token, is currently in the oversold region. The daily RSI in the oversold zone can be an indication of a potential trend reversal. In this situation, this means that investors could see Toncoin reverse all its gains and embark on a downward trend. Can Toncoin Break Into The Top 10 Crypto Ranking? This recent positive performance has catapulted Toncoin onto the verge of becoming one of the top 101 largest cryptocurrencies by market cap. According to CoinGecko data, TON is the 12th-largest cryptocurrency with a market cap of roughly $6.64 billion. This puts it ahead of Polkadot, Polygon, and Litecoin, who occupy the 13th, 14th, and 15th positions, respectively. If TON continues its current price rally in this existing market condition, breaking into the top 10 ranking might be a possibility. Related Reading: Polygon (MATIC) Drops Below Crucial Level \u2013 Will Sellers Exit? Interestingly, a significant 92% increase in the token\u2019s daily trading volume adds further optimism to this scenario. An increase in trading volume can be a signal that investors are still dabbling into an asset. With this, it would only be short-sighted to rule out more gains for the altcoin in the coming weeks. TON&#8217;s daily Relative Strength Index in the oversold zone | Source: TONUSDT chart on TradingView Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":539045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12143,87378,87713,88282],"class_list":["post-549853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ton","tag-ton-price","tag-toncoin","tag-tonusdt"],"acf":[],"yoast_head":"\n<title>Toncoin (TON) Continues To Ride Bullish Wave, Eyes To Reclaim $2 Level<\/title>\n<meta name=\"description\" content=\"Toncoin continues to defy the current market conditions, with a significant price climb in the past day - road to $2?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toncoin (TON) Continues To Ride Bullish Wave, Eyes To Reclaim $2 Level\" \/>\n<meta property=\"og:description\" content=\"Toncoin continues to defy the current market conditions, with a significant price climb in the past day - road to $2?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-02T13:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:28:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1015828796-1536x878-1.jpg?fit=1536%2C878\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"878\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Opeyemi Sule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/fwOpeyemi\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Opeyemi Sule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/\"},\"author\":{\"name\":\"Opeyemi Sule\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\"},\"headline\":\"Toncoin (TON) Continues To Ride Bullish Wave, Eyes To Reclaim $2 Level\",\"datePublished\":\"2023-09-02T13:30:26+00:00\",\"dateModified\":\"2024-06-11T14:28:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/\"},\"wordCount\":485,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1015828796-1536x878-1.jpg?fit=1536%2C878\",\"keywords\":[\"TON\",\"Ton price\",\"Toncoin\",\"TONUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/\",\"url\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/\",\"name\":\"Toncoin (TON) Continues To Ride Bullish Wave, Eyes To Reclaim $2 Level\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/toncoin-ton-continues-to-ride-bullish-wave-eyes-to-reclaim-2-level\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/iStock-1015828796-1536x878-1.jpg?fit=1536%2C878\",\"datePublished\":\"2023-09-02T13:30:26+00:00\",\"dateModified\":\"2024-06-11T14:28:57+00:00\",\"description\":\"Toncoin continues to defy the current market conditions, with a significant price climb in the past day - 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