Altcoins News
By Dan Saada
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The Toncoin (TON) network could be nearing a significant price breakout, following the successful deployment of the Tac mainnet.
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At the time of writing, Toncoin is trading around $2.81 and showing early signs of escaping a long-standing descending triangle pattern.
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Technical analysts observe that TON is nearing its overhead resistance, formed by the descending trendline of the triangle.
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However, a breakout is not guaranteed. Sellers are likely to defend the trendline vigorously.
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On lower timeframes, such as the four-hour chart, moving averages are trending higher, which supports the bullish case.
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Conversely, if the price falters at resistance and loses support near the 20-day EMA, it may indicate fading bullish momentum. This could drag TON back down to $2.
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The recent activation of the Tac mainnet marks a major step forward for the TON network. By enabling compatibility with EVM-based DApps, Telegram now allows users to engage with…
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Market experts believe this newfound accessibility will strengthen Toncoin’s fundamentals. As more DApps integrate with TON and existing platforms expand to support it, the…
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Even so, investors are advised to approach with caution. While short-term indicators suggest a bullish trend, key resistance levels still need to be broken to confirm a true…
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In summary, Toncoin appears positioned for a major price move, supported by the recent Tac mainnet deployment and encouraging technical setups.
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