{"id":634307,"date":"2024-08-09T15:30:24","date_gmt":"2024-08-09T15:30:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=634307"},"modified":"2024-08-09T11:45:00","modified_gmt":"2024-08-09T11:45:00","slug":"toncoin-rally-above-4-hour-100-day-sma-puts-ton-on-the-path-to-7-6","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/toncoin-ton\/toncoin-rally-above-4-hour-100-day-sma-puts-ton-on-the-path-to-7-6\/","title":{"rendered":"Toncoin Rally Above 4-Hour 100-Day SMA Puts TON On The Path To $7.6"},"content":{"rendered":"
Toncoin<\/span><\/a> (TON) has gained significant upward momentum, recently breaking above the 100-day Simple Moving Average (SMA) on the 4-hour chart. This bullish move signals strong buying interest that could potentially put the crypto asset on the path to the $7.6 resistance level.\u00a0<\/span><\/p>\n The breakout above this key technical indicator suggests that the bulls are in control, setting the stage for a continued rally. This article\u00a0<\/span>analyzes Toncoin’s recent\u00a0breakout<\/a> above the 100-day SMA on the 4-hour chart, assesses market sentiment, and evaluates<\/span>\u00a0the significance of the $7.6 resistance level as the next major target.<\/span><\/p>\n Toncoin was trading at approximately $6.50, marking an increase of over 3.55%, with a market capitalization exceeding $16 billion and a trading volume of more than $960 million at the time of writing. Over the past 24 hours, the asset’s <\/span>market<\/span><\/a> cap has risen by over 3%, while its trading volume has surged by more than 36%.<\/span><\/p>\n Currently, the price of Toncoin on the 4-hour chart has been on a bullish move advancing above the <\/span>100-day Simple Moving Average<\/span><\/a> (SMA) toward the $7.6 resistance mark. The breach above this key indicator indicates continued bullish control and the potential for further upward movement.<\/span><\/p>\nMarket Sentiment: Bulls In Control Of TON\u2019s Rally<\/strong><\/h2>\n