The post Key Price Resistance at $6.4 for Toncoin, When Will TON Price Bottom Out? appeared on BitcoinEthereumNews.com.

Toncoin (TON) has weathered both hype cycles and regulatory challenges. Over the past few months, TON’s price trajectory has captured the attention of traders. Namely, many believe that TON’s key resistance level lies at $6.4. Now, the question arises: “When will TON’s price bottom out and start its journey to $6.4?” While Toncoin holders are trying to figure this out, a new coin has entered the market. It has quickly solidified itself as one of the best coins to invest in, and many Toncoin holders are switching to it while they wait for TON’s next move! The current state of Toncoin: A teeter-totter market Toncoin’s journey has been anything but dull. From its initial surge that took it above $4 in 2024, TON has experienced a series of rapid price swings. Most recently, TON’s price has been consolidating between the $4-$6 range, currently below one of its key resistance levels of $6.4. More specifically, TON’s price is at $5.21 right now, down over 3.9% in the last month. According to various X experts, TON could still see further downside before any chance of mounting a meaningful rally. Namely, CacheTrading stated that Toncoin could go down to $4.9 before going for the coveted resistance level. Many Toncoin investors agree. They see Toncoin’s price going down more soon, especially because the new Trump coin surpassed it in market cap in just a day. When more Toncoinholders learn about this development, they might lose confidence in the token. So, TON’s price might go down even more. However, most agree that $4.9 is possibly the bottom for TON. After TON reaches this level, they see it going to $6.4 soon. So, experts recommend patience to all Toncoin investors. That being said, TON might not be among the best coins to invest in now, but…

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Filed under: News - @ January 26, 2025 5:20 pm