The post Channel Breakout Could Direct A 40% Hike In TON Price appeared first on Coinpedia Fintech News
As Bitcoin marks a positive day, the TON price shows a trend reversal as it signals a breakout rally. With a bounce back from a confluence of solid support, Toncoin ranks amongst the top gainers and signals an uptrend continuation this week.
As broader market recovery remains questionable, will the Toncoin uptrend remain on a bullish track? Or is a downfall imminent for this altcoin? Find out more about our detailed price analysis below.
Toncoin Price Performance
With a market cap of $18.36 Billion, the TON token ranks amongst the Top 10 crypto list. Further, the TON price has increased by 8.28% in the last 30 days, with a 12.74% jump in the last 24 hours. This reflects the overall downtrend in the last 30 days, which has finally taken a bullish stand.
Tradingview
As per the 4H chart, the TON price action highlights a bullish breakout of a falling channel pattern. De
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