CandleFocus Toncoin Gains 18% in 72 Hours: 3 Bullish Signs for Telegram Coin
2024-09-12
Author: Content Editor
Telegram's cryptocurrency, Toncoin, has experienced an 18% increase in price, reaching $5.42, following CEO Pavel Durov's comments about his arrest in France. The rise in price is accompanied by a significant increase in the number of addresses holding a balance, indicating growing demand and adoption of Toncoin. While technical indicators suggest a potential challenge for the bullish momentum, if the Relative Strength Index (RSI) surpasses the neutral line of 50.0, the cryptocurrency could see further gains. Toncoin is nearing a key resistance level at $5.53, and if it breaks above this level, it could target $5.93 and even $6.00. However, a failure to maintain bullish momentum could result in consolidation around $4.86, signaling a possible retracement.
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