Toncoin Explodes with $900 Million in Volume – Don’t Miss the Next Big Coin

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Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

Telegram’s native crypto (TON) continues to flourish despite the market dip, especially after a sensational influx of $900m in trading volume over the past 24 hours.

In this article, we will examine the latest TON price analysis and uncover how the Toncoin price could develop in the weeks ahead. We will also learn about a viral presale gaining attention in the crypto community this week.

#TON price ready to print massive candles in coming days, In addition of TON to Binance Launchpool could affect its price with possible outcomes of a rise, decline, or consolidation. Major VCs also interested to invest in $TON & Early stage projects on the network! pic.twitter.com/jUg6wmHGkL

This comes amid growing VC and institutional interest in TON, which has recently joined up with the Binance Launchpad program to help develop the Toncoin ecosystem.

As TON price battles against a major upside resistance level, Toncoin is currently trading at a market price of $6.68 (representing a 24-hour change of -3.09%).

A long-standing historical resistance level around $6.88 is currently dominating attempted upside breakout moves from TON, which has exploded amid a +$900M uptick in trading volume.

Trader interest peaked on August 13, after recovery moves reclaimed the support of the 20DMA – which is currently providing a lower level of support to upside price moves at $6.33.

With TON bulls pushing for a break above the $6.88 resistance level, support at $6.9 forms the likely next stop.

And this isn’t unlikely over the coming days, with the RSI still