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Toncoin (TON) has climbed 140% in price over the past year, hitting new highs beyond the $8 mark. However, there is potential for a 30% falloff, according to some analysts. The asset has struggled in the past week, falling almost 15%. One TON forecaster says that a fall beyond the token’s current $5 support level could spark a further slump of up to 30%. Toncoin is already down 34% from its ATH of $8.24 reached last August. Another 30+% fall could trigger even more concern with the asset just over its current support level. There is optimism that this is just a correction phase, and the asset will close out 2024 back on the rise. However, the broader crypto market is also suffering, meaning TON doesn’t have much back-up. Is There Hope for Toncoin? In case of a breakdown below $5, Toncoin’s price could fall to $3.76, according to price chart Analysis . Amid these price threats, market analysts remain optimistic about Toncoin’s potential in the ongoing bull run. 2025 is expect...

The Toncoin price surged 7% in the last 24 hours to trade at $5.13 as of 03:31 a.m. EST on trading volume that jumped 14% to $521 million. The TON price pumped after Pavel Durov, Telegram CEO, called his arrest by the French authorities on Aug. 25 a ”misguided approach.”  I'm still trying to understand what happened in France. But we hear the concerns. I made it my personal goal to prevent abusers of Telegram's platform from interfering with the future of our 950+ million users. My full post below. https://t.co/cDvRSodjst — Pavel Durov (@durov) September 5, 2024 The comments were Durov’s first since his arrest late last month. Durov said that when a nation has issues with an internet service, the accepted way to deal with it is by initiating a legal action against the service itself, not an individual behind the platform.  Toncoin Price Prediction: TON Aims For A Rebound In The Coming Days The Toncoin price has been on a downtrend, trading wit...

Bitcoin trades in a predictable range, but will the sideways price action tempt altcoin traders to open new positions? A trending move in an asset class attracts traders, while a dull price action drives investors to the sidelines. Bitcoin (BTC) has largely been stuck in a range for the past several months, which could be one of the reasons for the drop in spot volumes. Bloomberg reported on Oct. 11 that Coinbase’s spot trading volume plunged 52% in Q3 2023 compared to Q3 2022. While the short-term remains uncertain, traders need to be watchful because long consolidations are generally followed by an explosive price action. The only problem is that it is difficult to predict the direction of breakout with certainty. Considering that the bulls have not allowed Bitcoin to dip back below $25,000 in the past few months, it increases the likelihood of an upside breakout. Daily cryptocurrency market performance. Source: Coin360 Investing legend Paul Tudor Jones said in a recent interview on...

Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale’s victory over the SEC. Bitcoin led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained, as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin (BTC) exchange-traded fund. Still, the victory may prove to be bullish for Grayscale. Glassnode analysts said in an X (formerly Twitter) post on Aug. 30 that the Grayscale Bitcoin Trust (GBTC) could return to a premium next year. It is important to note that GBTC has been trading at a discount to the spot Bitcoin price for the past two and a half years. Daily cryptocurrency market performance. Source: Coin360 In the short term, even though the S&P 500 Index is on a path of recovery and the U.S. Dollar Index has turn...