Toncoin Price Prediction: TON Plummets 18% In A Week As This New Meme Coin Closes On $1 Million
Release: 2024/09/05 16:09 Reading: 339
Toncoin Price Correction and Critical Support
Over the past week, the Toncoin price has experienced a decline of more than 18%, with a 4% loss in the past 24 hours. As of 11:38 p.m. EST, it trades at $4.57.
During the recent trading session, Toncoin fell from an intraday high of $4.83. Trading volumes for the altcoin have also fallen by over 10%, currently standing around $310 million.
Critical Support Level for Toncoin
Toncoin's price is currently at a critical support level of $4.543. If it drops below this level in the next 12 hours, it could face further decline to $3.997.
However, if Toncoin maintains its position above $4.543 for the next 12 hours, it could invalidate the bearish scenario. Traders may then perceive these levels as a buying opportunity, potentially pushing the price to $4.996.
Technical Indicators Suggest Risk
Technical indicators suggest that Toncoin remains at risk, but sellers are losing strength. The MACD and RSI indicators on the 4-hour chart indicate diminishing seller power.
New Meme Coin: Crypto All-Stars
While Toncoin's price remains vulnerable, investors are showing interest in a new meme coin called Crypto All-Stars (STARS).
Crypto All-Stars aims to provide a unified staking experience for the meme coin market. It allows users to stake their holdings in various meme coins through a platform called the MemeVault.
Presale for STARS is ongoing, and it has nearly reached the $1 million mark. Investors can purchase STARS for $0.0014248 using ETH, USDT, BNB, or bank card. Presale participants who stake their tokens are eligible for an APY of over 1,000%.
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