Telegram's Strategic Move Boosts Toncoin Surge
- Significant Fee Reduction: Telegram's announcement to reduce TON transaction fees to nearly zero, cutting them by almost six times, is expected to greatly enhance microtransactions and frequent usage activities, thereby improving user experience and network engagement.
- Accelerated Technical Upgrades: With a $2.88 million investment, Telegram has become a chief validator for TON, driving the Catchain 2.0 upgrade that significantly shortens block production times to 400 milliseconds, enhancing user interaction and application response speed, thus strengthening the platform's competitiveness.
- Rapid User Base Expansion: The number of wallets in the TON ecosystem surged from 2.9 million to over 32 million in the past year, indicating strong user growth potential, while the new Streaming API v2 has made decentralized app response times comparable to traditional apps, further attracting users.
- Positive Price Trajectory: Toncoin has recently increased by approximately 7.5%, surpassing its 20-day moving average and approaching the upper limit of its Bollinger Band; maintaining above $1.50 could push the price further to $1.55 or $1.60, indicating strong market momentum.
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Technical Analysis for TON
Technical Sentiment Analysis for Toncoin (TON). As of , Toncoin (TON) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Toncoin (TON) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.291 | 0.498 | 1.009 | 1.798 | 2.309 | 3.098 | 3.609 |
| Fibonacci | 0.498 | 0.994 | 1.301 | 1.798 | 2.294 | 2.601 | 3.098 |
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