Toncoin has experienced a significant price increase of 9.96% over the last seven days, allowing it to surpass Avalanche and become the 12th most valued cryptocurrency. This surge highlights a growing bullish sentiment in the market for Toncoin.
The analysis suggests potential for further price escalation, owing partly to the observation of the EMA 50/200-day movement hinting at a possible Golden Cross. This technical indicator is often associated with continued upward momentum in asset prices.
With the Toncoin price stabilizing above the $5 threshold, investors are optimistic about its potential to hit the $8 mark in the near future, as the market continues to support its growth trend.
