All articles tagged with #ton
Crypto markets experienced significant volatility this week, with altcoins like Aerodrome, Mantle, and Lido DAO surging over 45%, while Monero, Toncoin, and XDC Network faced notable declines. Major gains were driven by network developments and upcoming events, whereas fears over centralization and bearish momentum contributed to the losses. Overall, the week was marked by wild swings and opportunities for traders.
TON's recent surge in price has allowed it to flip Dogecoin and become the eighth-largest cryptocurrency by market cap, with its value increasing by nearly 10% in the last 24 hours. However, market indicators suggest that TON may be getting overvalued and facing increased selling pressure. Meanwhile, Dogecoin has also shown signs of bullishness, and if TON experiences a price correction, Dogecoin may reclaim its position.
Bitcoin is expected to reach the $26,600-$25,000 zone, where buying interest may pick up. The correction in Bitcoin has pulled several altcoins lower, but BNB, ADA, XMR, and TON are showing strength on the charts. BNB is witnessing a tough battle between the bulls and the bears, while ADA turned down and plunged back below the neckline of the inverse head-and-shoulders pattern. XMR turned down from the neckline of the developing inverse H&S pattern, but the sharp recovery from lower levels indicates aggressive buying on dips. TON has formed a bearish descending triangle pattern, but a positive sign in favor of the buyers is that the price has been trading near the resistance line of the triangle for the past few days.