Toncoin (TON) Eyes $8 Rally as $2 Rebound Sparks Bullish Momentum
Toncoin has rebounded to $2 after briefly dipping to $1.90 earlier this month, marking a 3.5% daily gain. This recovery aligns with cautious market optimism, as traders watch the $2.07 resistance level for potential upward movement.
Despite previous pressure from whale activity and Bitcoin-driven volatility—including a $489 million sell-off—the TON blockchain's growing ecosystem offers fundamental support. Technical analysts predict a 29% surge toward $2.51 by mid-November, though regulatory concerns about Telegram integration remain.