NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Toncoin (TON) Sees Positive Movement As Top Coins Suffer Downtrend

Jammy Hunts
Jammy Hunts
1 year ago
4 mins read
Toncoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Many crypto assets have lost their 7-day gains in the last 24 hours. The top 3 coins, BTC, ETH, and BNB, are all down by more than 4%, as Bitcoin alone has lost almost 6% of its previous week’s gain today, February 27. It has even lost hold of the $24,000 price level and now trading at $23,413. 

Some popular crypto such as LINK, ATOM, ETC, XMR, and others have lost above 7% in their weekly gains. But amid all these downtrends today, Toncoin (TON) is holding green on its 1-hour, 24-hour, and weekly charts where it is seeing gains of up to 4%.

Related Reading

How Bitcoin Has Revolutionized the Crypto Market

2 years ago

What could be helping the altcoin to sustain its price gain at these levels? Will the coin be bullish or bearish in the coming days? The network developmental trend and analysis below could help answer the questions above. 

Toncoin’s Recent Developmental Trend

Some events in the Toncoin network may be sustaining TON price gain.  The most recent was the developers’ freeze of 1 billion TON coins. The decision came after a poll that the validators took as a way to improve the coin’s tokenomics. 

The developers wanted the validators and the community members to support or negate the idea of freezing 171 early mining wallets that have been dormant for some time. These wallets had up to 1.08 billion TON making up 20% of the whole token in supply and worth above $2.4 billion at the current market price. 

Notably, the voters supported freezing the wallets for some time. After completing the polls, TON recorded a price gain of 1.7%, and the market cap also increased by the same percentage. 

The second recent Toncoin network event occurred some days ago involving Abu Dhabi’s Global Tech Ecosystem, HUB71. Toncoin network announced a collaboration with Hub71 in the launch of its Hub71+ Digital Assets, a new accelerator program to support Web3 projects. 

The partnership will enable TON to work with Hub71 on providing support for mutual start-up funding, marketing assistance, etc. 

TONCOINUSD price chart
Toncoin’s price currently stands at $2.41 in the daily chart. | Source: TONUSD price chart from TradingView.com

TON Price Prediction For Short And Long Term

TON is trading at $2.41 today, a slight price increase in 24 hours. The price has remained in the $2 range since January 2023, with a gradual increase in recent weeks. 

Toncoin is trading above its 50-day and 200-day Simple Moving Averages (SMA), indicating bullish pressure. The token has remained above these two indicators since a golden cross formed on the price charts.

However, looking at most of the candles after the golden cross reveals that the close, open, high, and low values were the same. It implies that the bulls and bears exerted equal pressure on those days. 

The Relative Strength Index (RSI) is at 54.38, indicating price neutrality. Also, the RSI indicator points upwards, implying a possible increase to the buy zone. TON’s Moving Average Convergence/ Divergence (MACD) is slightly above its signal line. However, it is moving sideways and also displays neutrality.

Related Reading

Polygon SVM

Why This Polygon Layer-2 Is Huge For Solana Developers

2 years ago

Key support levels are $2.30, $2.34, and $2.38, while the resistance levels are $2.46, $2.50, and $2.54. TON is close to the $2.46 resistance. It will likely surpass the $2.46 resistance in the coming days to continue the uptrend. In the long term, if the bulls prevail, a break above the $3 price level could be in the works for the asset.

Note that altcoins are volatile and might struggle to regain their value after a price pullback. Also, remember that investments carry certain risks and should be approached with proper research, technical analysis, and risk management.

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Jammy Hunts
Jammy Hunts

Jammy Hunts

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

hyperliquid price surge

Hyperliquid Hits $400B Trading Volume and $100M Revenue as HYPE Price Eyes $55 Breakout

Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion...

James Halver 3 hours ago
bitcoin и графики

Почему Биткоин не дошел до $150 000 и какую роль играет инфраструктура?

Биткоин вновь столкнулся с коррекцией и отступил почти на 10% от исторического максимума выше $124 000. Аналитики объясняют снижение активностью...

daria 7 hours ago
Pyth rebound naar $0,45 verwacht deze week - blijft de Chainlink killer sterk?

Pyth rebound naar $0,45 verwacht deze week – blijft de Chainlink killer sterk?

PYTH koers zakt terug naar steun en traders mikken op een snelle rebound. De altcoins tonen weer leven. Als het...

Lars Diederiksen 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

crypto ethereum bitcoin eth ethusd btc btcusd

Spot Crypto Trading Gets Major Green Light From US Regulators

James Halver 30 minutes ago
Ethereum

Ethereum Network Activity Surges As Daily Transactions Reach 12-Month Peak — Details

Godspower Owie 1 hour ago
Cardano

Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    2 hours ago
  • イーサリアム...

    2 hours ago
  • ビットコイン...

    2 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    2 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.