Toncoin, a cryptocurrency created by the Open Network (TON), has been performing well in recent days. The daily chart of the token rose 6% more on Friday. It reversed its sharp drop since the last market crash. TON was recently listed on BinanceAs new investors began to invest in the token, its price increased. What will be the value of this token over the weekend?
What will TON perform this weekend?
The current price prediction for Toncoin is bullish. This comes as investors rush to buy the new Binance listing. Binance listed TON in Bitcoin, USDT, FDUSD, and TRY pairs. A realistic goal of $7 is set for the weekend after the recent rise in the price.
Binance announced TON trading in the beginning of this year. It was released in March as The Open Network has had a very successful year. Toncoin is already up 170% in 2024. Many experts still predict that the crypto will continue to grow.
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Just a couple of days ago, TON’s experts stated that the asset was undervalued and could see a rapid rebound before further dipping. Binance has helped to realize that increase. CoinCodex predicts that TON could reach $8. next This may result in a higher price than anticipated. TON, currently priced at $6.60 could reach $7 before the weekend. If TON continues to grow, the $8 level may be a better prediction.
Toncoin is already up more than 30 percent from its Monday drop lows. Technical indicators suggest that this could be just the beginning. On the chart for the day, both the 200-day exponential and 50-day moving averages are interacting. The first’s resistance of $6.74 is notable.
Researching the TON coin is important before investing. It’s crucial to know that data around a particular coin is rarely static. There’s a possibility that bears will do the exact opposite of what bulls are doing. Watch the TON social media pages for updates that may create a bullish buzz.
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Source: watcher.guru