- TON crypto has advanced by more than 80% in the last 80 days.
- Toncoin crypto has witnessed a huge advance of 96.50% in its trading volume.
The market cap of the Toncoin has declined by 0.85% in the last 24 hours following an equal amount of decline in the crypto price. The current market cap of the TON crypto is $7.576B resulting in a market cap rank of #11.
The spot traded volume for the TON crypto in the last 24 hours is $71.289M resulting in a crypto market ranking of #73. This results in a volume/market cap ratio of 0.96% resulting in a circulating supply of 3.431B TON. Further, the total supply of the crypto is 5.047B Toncoin with an infinite max supply.
The fully diluted market cap of the TON crypto is $11.108B and it is built on the ETH blockchain and follows ERC 20 token standards. TON crypto has a market cap dominance of 0.579% as per Coingecko.
TON Derivatives Analysis
The Toncoin crypto has not witnessed any significant change in its derivatives volume in the last 24 hours. The resulting long liquidation for the crypto is slightly lower than the short liquidation. This is followed by a long/short ratio of 0.9238 in TON crypto.
TON Crypto Technical Analysis
After the decline in the crypto price to a certain level, Toncoin is trying to recover by making higher high swing patterns. Currently crypto is facing rejection at a very crucial level. If the Toncoin breaks above the following level, it might lead to higher levels in the crypto.
The TON token price is trading above the 50-day and the 200-day EMA with a golden cross on the charts. This is a sign of the buyers’ presence in the market.
The RSI on the other hand is volatile on the daily timeframe charts. It is trading at a level of 59.54 and the 14-day SMA line is trading at a level of 56.04.
Conclusion
The spot trading volume for the crypto has shown a huge activity by witnessing an advance in its volume. Toncoin is forming bullish price action on the technical charts by making higher highs. Therefore, if the Ton crypto price breaks above the level of $2.60 it might lead to higher levels in the crypto.
Technical Levels
- Support levels– $1.2770 and $1.9060
- Resistance levels– $3.1830 and $4.0410
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.