The article discusses the recent surge in Toncoin's total value locked (TVL), which has exceeded $400 million. This milestone has generated positive market sentiment, with about 87% of traders exhibiting bullish expectations for the cryptocurrency. The positive sentiment is largely due to the belief that Toncoin might experience a breakout before the month's end.
The token has been consolidating within a tight range, which technical analysts see as a precursor to a potential breakout. If this breakout occurs, it could lead to a price rise of up to 30% before the end of the month, according to the article. The article cites the positive sentiment as a significant factor supporting the bullish prediction.
The piece was initially published on Coinpedia Fintech News and highlights the optimistic outlook traders have towards Toncoin. This optimism is rooted in the cryptocurrency's robust performance in recent weeks, as reflected in its rising TVL.
