Blockchain
TON Price Prediction – After Soaring 4% Yesterday, Is $3 Next?
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TON has been in an upward trend for the past 24 hours. The token is up 29% in just seven days amid recent gains. Data from CoinGecko also shows that TON has increased by 4% over the past 24 hours. At the time of writing, TON was trading at $2.41.
TON price prediction
TON continues to outperform the broader cryptocurrency market. In the past 24 hours, the global cryptocurrency market cap has fallen by about 5.3% to $836 billion, with bitcoin and most altcoins trading in the red.
However, TON decoupled from the broader market and continued to rise. Over the past 24 hours, the price of TON has been trading between $2.30 and $2.56, which shows significant volatility. The token has a trading volume of more than $52 million.
The positive price action seen in TON over the past few days shows that the bulls are in control. On December 14, TON made an impressive bullish run after pumping to the $2.85 level. However, the bears took control and erased some of those gains. However, the bullish momentum appears to have returned.
TON price action shows that bears and bulls are fighting for control. The RSI of 46 shows that selling activity is starting to pick up as traders are starting to dump in after the recent gains.
If the bulls consolidate, TON is likely to breach $3 next. However, the bullish theory will be erased if TON falls to $2 or below. With the current uncertainty in the broader market, a trend reversal is very likely.
Telegram is launching a SIM-free recording feature
One of the reasons that can be attributed to TON’s recent gain is Telegram’s launch of a privacy enhancement feature. cable announce It will be possible for users to purchase anonymous numbers on the Fragment blockchain using TON. This number can be used to register with Telegram and remove the need to register with a SIM card.
Since this announcement, TON has seen an impressive uptick. TON is the native token of the open network, a single decentralized layer of the block chain. The Open Network was previously known as Telegram Open Network.
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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.
Bancor Prediction Statistics Data:
- Bancor price now – $0.34
- Bancor’s market capitalization is $55.8 million
- The circulating supply of Bancor – 162.5 million
- The total supply of Bancor – 162.5 million
- Bancor Coinmarketcap Ranking – #287
BNT/USD market
Key levels:
Resistance levels: $300, $310, $320
Support levels: $130, $120, $110
BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.
Bancor Price Prediction: Bancor is preparing for an upward movement
According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.
However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.
Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.
However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.
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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.
dYdX prediction stats data:
- DYDX price now – $1.10
- DYDX market capitalization – $72.7 million
- Circulating supply of DYDX – 65.5 million
- Total supply of DYDX – 1 billion
- DYDX Coinmarketcap Rank – #198
DYDX/USD Market
Key levels:
Resistance levels: $2.00, $2.20, $2.40
Support levels: $0.50, $0.30, $0.10
DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.
dYdX Price Prediction: DYDX is ready for an uptrend
the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.
Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).
Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.
Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.
But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.
Related
Dash 2 Tadawul – High Potential Pre-Selling
- Active pre-sale is live now – dash2trade.com
- Featured in Cointelegraph – $10 Million Raised
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- The original code for the crypto signals ecosystem
join us cable A channel to stay up to date on breaking news coverage
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