{"id":552156,"date":"2023-09-20T17:00:01","date_gmt":"2023-09-20T17:00:01","guid":{"rendered":"https:\/\/wncen.com\/?p=552156"},"modified":"2024-06-11T14:29:26","modified_gmt":"2024-06-11T14:29:26","slug":"__trashed-9","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/__trashed-9\/","title":{"rendered":"Toncoin (TON) Continues To Shine, Is $3 Mark Possible?"},"content":{"rendered":"

TON<\/span> has gained 1% today, September 20. It trades at $2.47 with a 30% seven-day price increase. Also, TON\u2019s price gains confirm the entrance of buyers and an accumulation phase, which will likely continue to push the rally.<\/span><\/p>\n

TON’s price gains in the past week are likely a result of its integration with <\/span>Telegram<\/span><\/a>. This integration exposes TON to approximately 800 million users on Telegram, leading to a spike in its price.\u00a0<\/span><\/p>\n

TON Faces Resistance At $2.58; Will The Buyers Trigger A Breakout?<\/h2>\n

TON is on an uptrend today, building on its gains from September 19 to rally to the $2.58 <\/span>resistance level. After briefly slipping off the $2.5 price on September 16, TON found support at $2.3, preventing a decline. And as the bull returned, the asset pushed closer to the $2.58 resistance level.<\/span><\/p>\n

Related Reading: Ripple Stirs Debate By Shuffling $260 Million In XRP: What\u2019s Behind The Move?<\/a><\/div>\n

As buyers vie to surmount barriers to further uptick, TON trades near the upper band<\/a> of the Donchian Channel (DC), expressing a strong bullish sentiment. <\/span><\/p>\n

Additionally, the Relative Strength Index (RSI) is firmly in the overbought zone, displaying a value of 76.6.\u00a0<\/span>The RSI’s value implies that the buyers are not yet done with the accumulation phase and will likely rally above the closest resistance level.\u00a0<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) still displays a strong buy signal. The MACD is above its signal line, and its green Histogram bars confirm an ongoing massive accumulation.\u00a0<\/span><\/p>\n

Based on past price action, TON will likely repeat its September 12-16 uptrend to record more gains. However, it is already in the overbought region, and a retracement for consolidation will likely occur in a few days.\u00a0<\/span><\/p>\n

Nevertheless, the exciting developments in the Toncoin ecosystem will likely result in a bull run in the last quarter of 2023.\u00a0<\/span><\/p>\n

\"TONUSD
TON’s price currently hovers at $2.47 in the daily chart. | Source: TONUSD price chart from TradingView.com<\/a><\/figcaption><\/figure>\n

TON Records Massive Price Surge Following Telegram Update<\/h2>\n

Exciting ecosystem developments could be responsible for Toncoin’s performance over the past few days. According to a recent <\/span>tweet<\/span>, social media giant Telegram extended its support to Toncoin and introduced<\/a> a new wallet called TON Space.\u00a0<\/span><\/p>\n

According to <\/span>sources<\/span><\/a>, the unveiling happened last week at the Token 2049 conference in Singapore. Also, the CEO of Telegram, Pavel Durov, shared this exciting news on his official Telegram account, confirming that TON is the preferred blockchain network for their crypto integration.\u00a0<\/span><\/p>\n

Durov said: “Starting this November, TON Wallet will be included in the settings and attachment menus for all our users outside the US and some other countries.\u201d This integration helps them expand Telegram\u2019s Web3 infrastructure.<\/span><\/p>\n

Interestingly, users who installed the latest version of Telegram can access the wallet option from the app menu. <\/span>Toncoin developers<\/span><\/a> say the upgrade aims to integrate the token within Telegram Mini-Apps.<\/span><\/p>\n

In addition, Toncoin projects could utilize these mini-apps to increase their reach and adoption. Moreover, TON-based users get priority access to Telegram Ads,\u00a0 exposing the projects to over <\/span>37,000 communities<\/span><\/a> and millions of Telegram users.\u00a0<\/span><\/p>\n

Consequently, the TON wallet will operate The Open Network (TON) blockchain. Also, the wallet will be available to over 800 million Telegram worldwide users.<\/span><\/p>\n

Related Reading: BNB Trading Sideways In Last 30 Days \u2013 Is Stagnation Likely Until October?<\/a><\/div>\n

This development bodes well for Toncoin, which has been bullish since September 4, 2023, following the <\/span>announcement<\/span>. By riding on these bullish waves, the cryptocurrency will likely attain $3 in the coming weeks.<\/span><\/p>\n

Featured image from Pixabay and chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

TON has gained 1% today, September 20. It trades at $2.47 with a 30% seven-day price increase. Also, TON\u2019s price gains confirm the entrance of buyers and an accumulation phase, which will likely continue to push the rally. TON’s price gains in the past week are likely a result of its integration with Telegram. This integration exposes TON to approximately 800 million users on Telegram, leading to a spike in its price.\u00a0 TON Faces Resistance At $2.58; Will The Buyers Trigger A Breakout? TON is on an uptrend today, building on its gains from September 19 to rally to the $2.58 resistance level. After briefly slipping off the $2.5 price on September 16, TON found support at $2.3, preventing a decline. And as the bull returned, the asset pushed closer to the $2.58 resistance level. Related Reading: Ripple Stirs Debate By Shuffling $260 Million In XRP: What\u2019s Behind The Move? As buyers vie to surmount barriers to further uptick, TON trades near the upper band of the Donchian Channel (DC), expressing a strong bullish sentiment. Additionally, the Relative Strength Index (RSI) is firmly in the overbought zone, displaying a value of 76.6.\u00a0The RSI’s value implies that the buyers are not yet done with the accumulation phase and will likely rally above the closest resistance level.\u00a0 Moreover, the Moving Average Convergence Divergence (MACD) still displays a strong buy signal. The MACD is above its signal line, and its green Histogram bars confirm an ongoing massive accumulation.\u00a0 Based on past price action, TON will likely repeat its September 12-16 uptrend to record more gains. However, it is already in the overbought region, and a retracement for consolidation will likely occur in a few days.\u00a0 Nevertheless, the exciting developments in the Toncoin ecosystem will likely result in a bull run in the last quarter of 2023.\u00a0 TON Records Massive Price Surge Following Telegram Update Exciting ecosystem developments could be responsible for Toncoin’s performance over the past few days. According to a recent tweet, social media giant Telegram extended its support to Toncoin and introduced a new wallet called TON Space.\u00a0 According to sources, the unveiling happened last week at the Token 2049 conference in Singapore. Also, the CEO of Telegram, Pavel Durov, shared this exciting news on his official Telegram account, confirming that TON is the preferred blockchain network for their crypto integration.\u00a0 Durov said: “Starting this November, TON Wallet will be included in the settings and attachment menus for all our users outside the US and some other countries.\u201d This integration helps them expand Telegram\u2019s Web3 infrastructure. Interestingly, users who installed the latest version of Telegram can access the wallet option from the app menu. Toncoin developers say the upgrade aims to integrate the token within Telegram Mini-Apps. In addition, Toncoin projects could utilize these mini-apps to increase their reach and adoption. Moreover, TON-based users get priority access to Telegram Ads,\u00a0 exposing the projects to over 37,000 communities and millions of Telegram users.\u00a0 Consequently, the TON wallet will operate The Open Network (TON) blockchain. Also, the wallet will be available to over 800 million Telegram worldwide users. Related Reading: BNB Trading Sideways In Last 30 Days \u2013 Is Stagnation Likely Until October? This development bodes well for Toncoin, which has been bullish since September 4, 2023, following the announcement. By riding on these bullish waves, the cryptocurrency will likely attain $3 in the coming weeks. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":568,"featured_media":552166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89449,89448,87380,87379,79564],"class_list":["post-552156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-telegram-integration","tag-the-open-network","tag-ton-price-analysis","tag-toncoin-ton","tag-tonusd"],"acf":[],"yoast_head":"\nTON Continues To Shine With Impressive Gains, Is $3 Possible?<\/title>\n<meta name=\"description\" content=\"TON's price gains in the past week are result of its integration with Telegram which exposes TON to approximately 800 million new users.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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