Toncoin’s (TON) price experienced a substantial surge, shooting up by more than 10%, pointing towards bullish market conditions.
The consistent rise in price along with the DAA (Daily Active Address) divergence signifies a potential buy signal, as increased user activity is supporting the price ascent.
The adoption rate of Toncoin has also seen a notable recovery, reaching an average of 28%. This increase further strengthens Toncoin’s market position and long-term potential.
Currently, Toncoin is trading at $7.14 and is attempting to close above the resistance level at $7.07. If successful, it could push towards $7.53 and even breach its all-time high of $8.28.
However, if the $7.07 resistance holds, there is a risk of Toncoin sliding back to $6.50 or even $6.04, which would invalidate the bullish momentum.
