The majority of major cryptocurrencies witnessed a notable selling pressure in the second week of June. This downfall was bolstered by Bitcoin miner\u2019s capitulation<\/a> and significant outflow from U.S. listed ETFs, plunging the BTC price to a 4-week low of $64939 on Friday. Bucking the market correction, the Toncoin price has showcased a 20% growth this week to hit an all-time high of $8.25. Will the momentum persist, as the market hints at a prolonged downfall?<\/span><\/p>\n Also Read: Bitcoin Buy The Dip Calls Surge But BTC Price Drop Under $65,000 Can Be Fatal<\/a><\/p>\n <\/p>\n Over the past three months, the Toncoin<\/a> has witnessed a sustained uptrend supported by an ascending trendline in the daily chart. This dynamic support has bolstered buyers to maintain a series of higher lows indicating the investors are actively accumulating the asset at mark dips.<\/span><\/p>\n This recovery is also supported by a parabolic rally in Total Volume Locked (TVL). According to data from DefiLlama, the TVL on the Toncoin network has surged from $18 million in late February to $592 million currently, marking a remarkable growth of approximately 3189%. This substantial rise in TVL indicates strong investor confidence and increasing adoption of the Toncoin network.<\/span><\/p>\n The current week was notably bearish for the broader market as Bitcoin<\/a> price plunged from $70000 to $64939. However, TON\u2019s price showed notable resilience above the $6.73 mark and rebounded sharply to hit a new high of $8.288 today.\u00a0<\/span><\/p>\n<\/blockquote>\n <\/p>\n Also Read: Bitcoin Price Analysis: What\u2019s Next For BTC As Crypto Fear And Greed Index Nosedives<\/a><\/p>\n Earlier this week, the cryptocurrency exchange Crypto.com<\/a> announced the listing of TON<\/a> coins and enabled easy purchases with USD, EUR, GBP, and over 20 other fiat currencies. This listing is likely to enhance Toncoin\u2019s visibility, increase its liquidity, and attract a broader investor base<\/span><\/p>\n <\/p>\n The Toncoin price currently trades at $8 and should seek support from the recently break resistance of $7.7. If the breakout sustains, the Traditional pivot level shows potential resistance at $9, followed by $10.6.<\/span><\/p>\n On a contrary note, if the coin price slips below $7.7 flipped support, the buyers could rely on the aforementioned ascending trendline to keep the recovery trend intact.<\/span><\/p>\n <\/p>\n Related Articles<\/p>\n <!– <\/p>\n –><\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nCrypto.com Listing and TVL Surge Propel Toncoin Price to New Heights<\/b><\/h2>\n
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