Cryoto Currency

TON Outperforms Crypto Market Following a 40+% Price Rise in 1 Week by CoinEdition

After a 40+% price rise in 1 week, TON outperforms Crypto Market
  • TON currently trades at $1.83 following a 20.77% price increase.
  • Toncoin was able to outperform BTC and ETH.
  • There is still bullish momentum for TON.

Toncoin (TON), has outperformed most major cryptocurrencies. TON has seen a price increase exceeding 40% in the last seven days, despite crypto market underperformance.

According to CoinMarketCap data, TON is currently trading for $1.83. This follows a 20.77% rise in price over the past 24 hours. Over the same time, the crypto traded at a low of $1.50 as well as a high of 1.92.

TON was also able strengthen against the two largest cryptocurrencies on the market (ETH and BTC) by approximately 12.45% and 4.68%, respectively. TON’s 24-hour trading volume is also turning heads as it is currently up over 200% to stand at $37,477,217

TON is the 30th largest cryptocurrency in terms market capitalization, with a market value of $2,219766,213. Algorand, (ALGO), is in the 29th and BCH in the 31st positions.

Daily chart for TONCOIN/USD Source : CoinMarketCap

The daily chart for TONCOIN/USD shows that the price of the coin has slightly retraced after hitting the resistance level at $2.00. Bullish momentum is still present due to the fact that the 9 EMA is positioned above 20 EMA.

Investors should be aware that the daily RSI line slopes towards the oversold territory. This is a bearish flag investors need to consider when entering long positions on TON within the next two to 3 days.

Disclaimer: These views and opinions, along with all information in this price analysis, have been published in good faith. Readers must conduct their own research and exercise due diligence. Any action taken by readers is entirely at their own risk. Coin Edition and its affiliates are not liable for any loss or damage, direct or indirect.

Coin Edition: TON outperforms Crypto Market after a 40+% price increase in one week appeared first on Coin Edition

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News Source and Credit

Stocksak Editorial

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