The post Will TON Price Break The $8 Mark? appeared on BitcoinEthereumNews.com.

Toncoin is making a buzz in the market with its top-class performance and bullish on-chain activities. The TON crypto has displayed bullish waves for the past sessions. Moreover, the cryptocurrency is sustaining gains above the key exponential moving averages and is persistent in stretching the gains above the upper threshold. The on-chain Metrics of Toncoin are on the Rise The on-chain metrics of TON crypto are growing showcasing bullish. According to Santiment data, the total number of holders has been increasing for a prolonged time showcasing bullishness. From March 10, the total number of holders took a spike, and it has been hovering in the upper region and showing tremendous growth since then. At the time of writing, it stands at 19.2K. Moreover, the total value locked of the TON is also on the incline. On March 06, 2024, the TVL activity metric started surging. At the time of writing it stands at $489.32 Million. Meanwhile, the increasing TVL is a bullish signal and is typically a positive sign for TON cryptocurrency.  TON active addresses have also showcased a surge in recent times. According to the Santiment data, the number of active addresses in a 24-hour and 7-day timeframe keeps inclining, suggesting bullishness.  The increase in TON active addresses is a bearish indication that signals an incline in the on-chain demand for the cryptocurrency. Will the Toncoin Price Break the $8 Level? TON is trading in the bullish zone, heading upwards by making a higher high structure. After a mild weakness, the coin bounced back by taking support on the 20 EMA level. T When writing, the TON was trading at $7.273 level with an intraday growth of 4.74%. Its market cap value at $17,671,174,008, and the last 24-hour trading volume was $264,563,565, with a 1.12% decline.  Moreover, TON showed…

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Filed under: News - @ June 12, 2024 11:12 pm