24/7 Cryptocurrency News

Toncoin (TON) Price Rallies To ATH: Further Gains or Decline?

Toncoin has made another milestone within just a month of setting the ATH. With the technical factors favoring the rally, the TON price might surge even higher to $7.85.
Published by
Toncoin (TON) Price Rallies To ATH: Further Gains or Decline?

After months of shallow recoveries, the bulls took over the Toncoin, leading to a big price rally, creating a new all-time high of $7.78. It is not the first time TON has exhibited such a profiting nature as earlier in March, the altcoin had a similar push, creating a peak, which is an old deal now. So is that all? Will the TON price have a downtrend, or will the bulls push the value even higher? Let us discuss that in this blog.

Advertisement

What Pushed The TON Price To New ATH?

Toncoin has maintained a decent momentum from the start of the year as its price has shifted from $2.2 to $7.78 in just six months. With a 3X gain, TON has become the most favored cryptocurrency among investors, taking over Shiba Inu in the top ten cryptocurrencies. And because of this surged demand in the crypto community, Toncoin price has continued increasing. Moreover, the ongoing bullish market sentiments have definitely aided in this rally.

Most importantly, as the crypto analyst Ali explained, the whale activity carrying a value above $100,000 increased 237% on June 3, 2024. With the whales accumulating this, the buying pressure increased in the altcoin investors.

The number of large #Toncoin transactions (over $100,000) has surged by 237.5% in the past 24 hours!

This significant increase in $TON whale activity suggests a strategic shift in their investments and positions. pic.twitter.com/iEHWFgxcp1

— Ali (@ali_charts) June 3, 2024

Along with Telegram, now Notcoin is another add-on to the Toncoin’s popularity. This newly launched meme coin on The Open Network has made huge gains in the past few days. As of now, the Notcoin price is at $0.0225 after 350% gains earlier.

What Is Coming Next For TON Price?

Though the TON price has moved 5% away from the ATH, the bullish nature of the altcoin is still at its peak. As per the technical analysis, including from the simple and exponential averages, the Toncoin is in the strong buy zone, which can push the value even further. Moreover, the Moving Average Convergence Divergence (MACD) and the momentum indicators talk of the same.

However, the Relative Strength Index is around 68, which is closer to the overbuying zone. If the index moves above 70, a price reversal might happen, pushing the TON price down. As of now, the greedy sentiments are high among the investors, and the TON price might surge to $7.85 in the next few days.

Continue Reading 4 Top Altcoins Set For 100X Gains In June 2024

Advertisement

Share
Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Why Is Gary Gensler Trending Today

Former U.S. SEC Chair Gary Gensler appeared on CNBC's "Squawk Box" and addressed his concerns…

September 19, 2025
  • 24/7 Cryptocurrency News

Why is Dogecoin Price Crashing Today Ahead of the Rex Osprey DOGE ETF Debut?

Dogecoin (DOGE), the pioneering meme coin, has taken a hit as the crypto market crashed…

September 15, 2025
  • 24/7 Cryptocurrency News

Ethereum Whales Move Over $200M From Exchanges as Price Drops 3%

Ethereum (ETH) experienced a drop of around 3% in the past 24 hours, to trade…

September 15, 2025
  • 24/7 Cryptocurrency News

Fed Rate Cut Watch: Can Powell’s Speech Keep the Crypto Rally Alive This Week?

The cryptocurrency market is expecting a big week ahead, as the U.S. Federal Reserve prepares…

September 15, 2025
  • 24/7 Cryptocurrency News

Crypto Market Week Highlights: Top Events, Movers and Shakers

The crypto market was buzzing this week with big whale moves, fresh economic reports, new…

September 14, 2025
  • 24/7 Cryptocurrency News

Why is Pepe Coin Price Rallying Today, September 13?

Pepe Coin price is outperforming other mainstream meme coins today, soaring around 13% over the…

September 13, 2025