Deniz 
Toncoin’s (TON) price has lately been soaring fast, exceeding several important resistance levels. In its most recent notable action, TON exceeded the 100-day exponential moving average (EMA), which right now sits at about $6.68.
Toncoin’s breakthrough marks a significant advance as it keeps on building on its recent successes and resists market corrections. Over the past few weeks, TON’s value has risen almost thirty percent, showing a strong upward trend in spite of general market turbulence. TON’s ability to hold above the 100 EMA shows that it has the power to keep climbing.
TON’s main goal in the future will be the 50-day EMA, which right now trades near $7.60. Apart from their technical barrier level, traders should consider psychological aspects of this degree. Should the relocation above $7.06 prove successful, greater increases could be achievable, therefore attracting more investors and boosting Toncoin’s long-term viability.
Once the $7.60 resistance is crossed, another psychological barrier that might be vital to TON’s price action will be about $8. Another degree of observation is thus very important. Should the price lose its barrier above the 100 EMA, it could revert to past support levels.
Located at about $5.69, the 200 EMA is an essential support level. Based on the most recent price movement, Toncoin seems to be becoming more and more popular as more individuals express a desire to buy the cryptocurrency. TON has a solid underlying demand, as the market’s constant performance—even during corrections—showcases.
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