Toncoin to Cut Transaction Fees Sixfold
- Significant Fee Reduction: Toncoin's transaction fees are set to decrease from 0.00234 TON to 0.00039 TON, approximately $0.0005, effective within a week, which will significantly lower transaction costs for users and potentially attract more participants to the network.
- Network Upgrade Progress: This fee adjustment marks the second step in Durov's MTONGA roadmap, following the April 9 Catchain 2.0 upgrade that increased network speed tenfold and introduced sub-second finality, indicating ongoing technological advancements for Toncoin.
- Muted Market Response: Despite Toncoin's advantageous fee structure compared to competitors, market reactions have been relatively subdued, with analysts attributing this to broader market conditions and the typical lag between technical delivery and user adoption, reflecting cautious investor sentiment regarding Toncoin's future performance.
- Price Trend Analysis: Toncoin has fallen approximately 57% year-to-date, currently trading near $1.35, and has dropped over 7% in the past week, indicating concerns about its long-term value that may influence future investment decisions.
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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 5 technical signals, shows that 3 indicators are flashing buy, while 2 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 | 1.088 | 1.172 | 1.25 | 1.334 | 1.412 | 1.496 | 1.574 |
| Fibonacci | 1.172 | 1.234 | 1.272 | 1.334 | 1.396 | 1.434 | 1.496 |
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