Toncoin is poised for a potential 20% increase in the upcoming weeks, mirroring a bullish fractal pattern previously observed in February 2024.
The price of Telegram-linked Toncoin (TON) cryptocurrency has rebounded by approximately 50% month-to-date—including a 15% jump in the last 24 hours—to reach $7.10 on May 10, its highest level in three weeks.
Toncoin has outperformed the broader crypto market, whose valuation has bounced by 15% in the same period.
This performance indicates that, although Toncoin’s movements are somewhat aligned with those of other leading cryptocurrencies, it possesses stronger catalysts that have enabled more substantial growth. Let’s take a closer look.