Tag Archives: TONUSDT

Bitcoin

Telegram Under Ban Threat In Indonesia For Alleged Pornography & Gambling, TON Price Dive Deepens

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Following the latest arrest of Telegram CEO Pavel Durov in France, the messaging platform is dealing with escalating authorized challenges throughout a number of nations. Native media stories point out that Indonesia is considering a ban on Telegram as a consequence of its alleged facilitation of pornography and on-line playing actions.

International Scrutiny On Telegram

Based on a native media report, Indonesian Communication and Informatics Minister Budi Arie Setiadi has voiced sturdy considerations, stating that the Ministry has already warned Telegram about its content material moderation practices. 

Per the report, Minister Budi Setiadi emphasised that if proof of unlawful content material is confirmed, the federal government would take decisive motion to dam the platform.

This intensifying authorized scrutiny comes on the heels of a troubling incident in Central Java, the place a 20-year-old resident, recognized as “MAFA,” was arrested for allegedly managing a baby pornography group on Telegram. The Indonesian authorities are reportedly monitoring the platform for additional violations.

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In France, Durov’s authorized troubles have deepened since his arrest at Le Bourget Airport. The Paris prosecutor’s workplace has reported that he faces 12 critical fees, together with complicity in youngster pornography gross sales, drug trafficking, fraud, and failure to cooperate with investigations. 

Durov has since been granted bail beneath strict circumstances: he should pay €5 million, report back to police twice per week, and stay inside French territory. Paris prosecutor Laure Beccuau confirmed that there are ample grounds to analyze Durov on all fees associated to his preliminary arrest.

Nevertheless, the authorized challenges for Telegram lengthen past France and Indonesia, because the Indian authorities has additionally launched an investigation into the platform. 

As reported by NewsBTC, authorities in India are inspecting claims that Telegram is getting used for prison actions, together with extortion and playing. Just like investigations underway in France and Indonesia, the messaging platform might face potential bans in these nations.

TON Worth Continues To Wrestle

Toncoin (TON) plunged about 20% after Durov was arrested outdoors Paris on August 24, earlier than paring a few of these losses. TON’s whole worth locked (TVL) has fallen to $357 million from a excessive of $769 reached in July, in accordance to knowledge supplier DefiLlama. 

Within the wake of this value crash, sure Toncoin supporters perceived a possibility amidst the chaos. DWF Labs, a crypto market maker with a stake within the token, seized the second to take a position “tens of millions” of {dollars} in Toncoin following the decline, as confirmed by co-founder Eugene Ng to Bloomberg. 

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Regardless of the efforts to stabilize Toncoin’s worth, the cryptocurrency has struggled to regain its footing. The TON value has continued its downward trajectory, exhibiting no indicators of restoration with an additional 1% drop within the 24-hour timeframe. The token has sustained substantial losses over the previous month, amounting to just about 17%, at the moment buying and selling at $5.54.

In case of additional value retracements, bullish buyers might want to hold an in depth eye on the $5.15 and $4.87 marks, the most important assist ranges for the token on its each day TON/USDT chart.

Telegram
The each day chart reveals TON’s value trending downwards. Supply: TONUSDT on TradingView.com

Featured picture from DALL-E, chart from TradingView.com

Bitcoin

Toncoin (TON) Price Performance 5 Days Post-Durov Arrest: What’s Next?

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Toncoin (TON) has confronted important turbulence previously 5 days following the arrest of Telegram co-founder and CEO Pavel Durov in Paris. The shut ties between Toncoin and Telegram have triggered a pointy response available in the market, with TON’s worth plummeting over 25% because the occasion on Saturday. 

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This sudden drop has left many holders in misery, unsure concerning the token’s future. Nevertheless, whereas opinions amongst analysts and buyers range, some see this as a possible alternative.

They argue that TON is likely to be coming into a reaccumulation zone, presenting an opportunity for savvy buyers to purchase at decrease costs earlier than the market stabilizes. Because the state of affairs unfolds, the main focus stays on whether or not Toncoin can recuperate from this setback and regain its earlier momentum.

Toncoin In Accumulation Zone

Toncoin (TON) is presently buying and selling on the similar ranges it was firstly of the month when the broader crypto market was experiencing important promoting stress. This retracement has caught the eye of a number of analysts and merchants who consider it presents a strategic alternative to build up TON at a reduced worth.

Coin Alerts, a well known group of crypto analysts on X, has shared a chart evaluation indicating that Toncoin is probably in a reaccumulation section. Based on their evaluation, the present worth ranges may supply a 3x to 5x return if the market circumstances align favorably. They argue that the current worth drop, triggered by the arrest of Telegram’s co-founder and CEO Pavel Durov, might have been an overreaction, making a buy-the-dip state of affairs for these prepared to tackle the related dangers.

TON worth in accumulation stage. | Supply: Coin Alerts on X TON/USDT chart on TradingView

Nevertheless, it’s essential to notice that whereas the potential for substantial good points exists, important dangers are tied to this challenge, particularly in mild of current occasions. The uncertainty surrounding Telegram and its impression on Toncoin provides an additional layer of complexity for buyers. As with all funding, thorough analysis and danger administration are essential earlier than making choices.

TON Worth Motion

Toncoin (TON) is buying and selling at $5.48 after enduring 5 days of aggressive promoting stress. Up to now 12 hours, the value has recovered about 6%, discovering resistance on the $5.04 mark, which has been a key demand stage over the previous month. This worth response signifies that bulls are trying to regain management, however the pattern reversal is much from confirmed.

TON price trading around monthly lows, below 4H 200 EMA
TON worth buying and selling round month-to-month lows, beneath 4H 200 EMA. | Supply: TON/USD chart on TradingView

For a extra definitive shift in momentum, the value wants to interrupt previous and maintain above the 4-hour exponential shifting common (EMA), an indicator that signifies power in worth motion. The 4H 200 EMA is presently positioned at $6.41, a big 18% above the present worth. Breaking above this stage could be a powerful bullish sign.

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Nevertheless, if the promoting stress persists, there’s notable liquidity resting beneath March’s low at $4.50. Ought to the value proceed to say no, this stage would seemingly act as the following assist, making it a essential zone for bulls to defend.

Featured picture from Dall.E, chart from TradingView

Bitcoin

Telegram Faces Indian Probe Following Durov’s Arrest In France: TON Plummets 20%

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The Indian authorities has launched an investigation into the social media platform Telegram over issues that it’s getting used for legal actions resembling extortion and playing. The probe follows the arrest of the app’s CEO Pavel Durov in France over the weekend.

Telegram Faces Potential Ban In India

In response to current studies by Indian media shops, the investigation is being led by the Indian Cyber Crime Coordination Centre underneath the Ministry of Dwelling Affairs and the Ministry of Electronics and Data Know-how.

The report notes that Telegram boasts over 5 million registered customers in India, making it one of many nation’s most generally used messaging platforms. 

Nevertheless, the federal government’s issues stem from allegations that the app’s peer-to-peer communication options have been allegedly exploited by “dangerous actors to facilitate illicit actions.”

The truth that Telegram doesn’t have an workplace in India is reportedly complicating the federal government’s efforts to control and examine the platform, regardless of the app’s compliance with India’s Data Know-how (IT) Guidelines.

Studies recommend that the app may even face a possible ban in India relying on the findings of the investigation.

Durov Accused Of Permitting Felony Actions

The investigation in India has taken on added significance following the detention of Durov on the Paris-Le Bourget Airport on Saturday, as reported by Bitcoinist. 

Durov, who holds citizenships in Russia, France, the United Arab Emirates (UAE), and St. Kitts and Nevis, is reportedly being accused of failing to curb legal actions on his platform within the European nation.

The French authorities have advised that Telegram’s encryption instruments have allowed criminals to “flourish” on the app. Nevertheless, Telegram has pushed again, insisting that the corporate complies with European Union (EU) legal guidelines and content-moderation insurance policies, and calling the claims “absurd.”

The arrest has reportedly sparked a backlash from Russian politicians, with some suggesting that it could possibly be “politically motivated.” Russia’s prime human rights official, Tatyana Moskalkova, claimed that French authorities arrested Durov as a result of they need to shut down the censorship-free platform.

Toncoin (TON) Worth Tumbles

Amid these mounting authorized troubles for the messaging app, Toncoin (TON), the cryptocurrency initially developed by Telegram, has seen losses of over 20% within the seven-day time-frame and is presently buying and selling at $5.39. 

Nevertheless, in a 24-hour time-frame, the token has additionally seen a worth drop of practically 8%, additional demonstrating the bearish sentiment surrounding the TON worth amongst buyers after the information broke over the weekend. 

CoinGecko knowledge additionally exhibits that the token has additionally seen a 66% drop in buying and selling quantity and a 34% hole from its all-time excessive reached in June this yr. 

Telegram

Featured picture from DALL-E, chart from TradingView.com

Bitcoin

Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold?

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My title is Godspower Owie, and I used to be born and introduced up in Edo State, Nigeria. I grew up with my three siblings who’ve all the time been my idols and mentors, serving to me to develop and perceive the lifestyle.

My dad and mom are actually the spine of my story. They’ve all the time supported me in good and dangerous occasions and by no means for as soon as left my aspect every time I really feel misplaced on this world. Truthfully, having such superb dad and mom makes you are feeling secure and safe, and I received’t commerce them for anything on this world.

I used to be uncovered to the cryptocurrency world 3 years in the past and obtained so excited about realizing a lot about it. It began when a buddy of mine invested in a crypto asset, which he yielded large features from his investments.

After I confronted him about cryptocurrency he defined his journey thus far within the area. It was spectacular attending to find out about his consistency and dedication within the house regardless of the dangers concerned, and these are the most important explanation why I obtained so excited about cryptocurrency.

Belief me, I’ve had my share of expertise with the ups and downs out there however I by no means for as soon as misplaced the eagerness to develop within the area. It’s because I consider development results in excellence and that’s my purpose within the area. And at present, I’m an worker of Bitcoinnist and NewsBTC information retailers.

My Bosses and colleagues are the perfect sorts of individuals I’ve ever labored with, in and out of doors the crypto panorama. I intend to offer my all working alongside my superb colleagues for the expansion of those firms.

Typically I wish to image myself as an explorer, it is because I like visiting new locations, I like studying new issues (helpful issues to be exact), I like assembly new individuals – individuals who make an affect in my life regardless of how little it’s.

One of many issues I like and revel in doing essentially the most is soccer. It can stay my favourite out of doors exercise, most likely as a result of I am so good at it. I’m additionally excellent at singing, dancing, performing, vogue and others.

I cherish my time, work, household, and family members. I imply, these are most likely a very powerful issues in anybody’s life. I do not chase illusions, I chase desires.

I do know there’s nonetheless lots about myself that I would like to determine as I attempt to turn into profitable in life. I’m sure I’ll get there as a result of I do know I’m not a quitter, and I’ll give my all until the very finish to see myself on the prime.

I aspire to be a boss sometime, having individuals work underneath me simply as I’ve labored underneath nice individuals. That is certainly one of my greatest desires professionally, and one I don’t take calmly. Everybody is aware of the street forward will not be as simple because it seems, however with God Almighty, my household, and shared ardour pals, there isn’t a stopping me.

Bitcoin

Toncoin (TON) Falls By 15% Following Telegram CEO’s Arrest

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The value of cryptocurrency Toncoin (TON) has skilled a steep decline following stories of the arrest of Telegram CEO Pavel Durov. Toncoin has been one of many best-performing digital property in 2024, nonetheless, the altcoin has confronted a moderately turbulent interval within the final two months.

Toncoin Reacts To Telegram CEO’s Detention

Based on French supply TF1 TV on Saturday, Telegram founder and CEO Pavel Durov was arrested on the Le Bourget airport in France after alighting from his personal jet. 

Durov, a 39-year-old Russian-born Emirati, has been reportedly detained resulting from a “lack of management” on Telegram which French authorities consider has fostered the expansion of felony actions on the messaging app.  Up to now, this arrest has drawn a lot criticism from the tech neighborhood together with many crypto customers who’ve described such motion because the French authorities trying to power censorship on a free social media platform. 

Notably, Toncoin, the native token of The Open Community (TON) and a cryptocurrency built-in with the Telegram app recorded a 15.67% decline in market worth following information of Durov’s arrest. 

Toncoin, which was to be initially launched by Telegram earlier than an intervention by US regulators, performs numerous essential roles within the messaging app in compensating builders, shopping for advertisements, and even buying a premium subscription.  Subsequently, the bearish sentiment generated by the Telegram CEO’s detention pulled TON’s market worth to as little as $5.52, a worth stage final seen in early August. Nonetheless, the altcoin seems to have discovered some stability because it gently strikes upwards into the $5.70 zone. 

As earlier said, TON has been some of the worthwhile property in 2024, thus this worth dip might not entice a lot concern from long-term traders. 

Based on knowledge from CoinMarketCap, TON gained by over 240% within the first six months of 2024 reaching an all-time excessive of $8.24, alongside a placement within the prime 10 cryptocurrencies primarily based on market cap. Whereas the altcoin has not proven comparable progress ranges in Q3 2024, the constant progress in on-chain metrics e.g. lively community customers spell an increase in curiosity which might considerably have an effect on worth progress.

TON Community Calls For Calm Amidst Durov Arrest

Commenting on Pavel Durov’s sudden arrest, the administration of The Open Community has assured all customers the blockchain stays useful whereas affirming assist for the embattled Telegram CEO. With a web-based protest already taking place on the X social media platform, the TON administration has additionally referred to as for a peaceful and united method to partaking authorities and resolving the matter at hand.

On the time of writing, TON trades at $5.72 with an astounding 504.56% improve in day by day buying and selling quantity. TON ranks because the ninth largest cryptocurrency with a market cap of $1.57 billion.

Associated Studying: Crypto Analyst Says Telegram-Based mostly Notcoin Is Prepared To Fly, Right here’s How Excessive

Toncoin

Bitcoin

Toncoin Rally Above 4-Hour 100-Day SMA Puts TON On The Path To $7.6

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Toncoin (TON) has gained vital upward momentum, not too long ago breaking above the 100-day Easy Shifting Common (SMA) on the 4-hour chart. This bullish transfer indicators sturdy shopping for curiosity that would doubtlessly put the crypto asset on the trail to the $7.6 resistance stage. 

The breakout above this key technical indicator means that the bulls are in management, setting the stage for a continued rally. This text analyzes Toncoin’s current breakout above the 100-day SMA on the 4-hour chart, assesses market sentiment, and evaluates the importance of the $7.6 resistance stage as the subsequent main goal.

Toncoin was buying and selling at roughly $6.50, marking a rise of over 3.55%, with a market capitalization exceeding $16 billion and a buying and selling quantity of greater than $960 million on the time of writing. Over the previous 24 hours, the asset’s market cap has risen by over 3%, whereas its buying and selling quantity has surged by greater than 36%.

Market Sentiment: Bulls In Management Of TON’s Rally

Presently, the worth of Toncoin on the 4-hour chart has been on a bullish transfer advancing above the 100-day Easy Shifting Common (SMA) towards the $7.6 resistance mark. The breach above this key indicator signifies continued bullish management and the potential for additional upward motion.

Moreover, a 4-hour Relative Energy Index (RSI) evaluation reveals that the indicator’s sign line has efficiently climbed above 50% and is now approaching the 70% mark, which is taken into account the overbought zone. This means that purchasing stress is growing, doubtlessly resulting in additional upward motion for the asset.

On the 1-day chart, though Toncoin remains to be buying and selling beneath the 100-day SMA, it has efficiently shaped bullish momentum candlesticks, aiming for each the 100-day SMA and the $7.6 resistance stage, which implies that the bulls are nonetheless in management and will doubtlessly push the worth greater.

Toncoin

Lastly, on the 1-day chart, the RSI sign line has climbed greater than 35% from the oversold zone and is at present approaching 50%, suggesting rising bullish momentum for the cryptocurrency.

Potential Eventualities: Will Toncoin Attain $7.6 Or Face Rejection?

Within the occasion that TON’s worth reaches and breaks above the $7.6 resistance stage, the crypto asset may proceed to rise, testing its all-time excessive of $8.30 and doubtlessly setting a brand new all-time excessive as soon as it surpasses this mark.

Nevertheless, if Toncoin reaches the $7.6 resistance stage and faces a rebound, it would begin to decline towards the $4.6 assist mark. Ought to the worth fall beneath this assist, it may drop additional to check the $3.3 assist stage and doubtlessly proceed to decrease assist ranges on the chart if the $3.3 worth goal is breached.

Toncoin

Bitcoin

Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms

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Toncoin (TON) has just lately seen a notable value decline, dropping under its 100-day Easy Transferring Common (SMA). This breach of a crucial technical indicator has positioned the digital asset underneath bearish strain, elevating considerations amongst traders and merchants. With the $6 mark now looming as a possible goal, there may be market hypothesis about whether or not the value will proceed to say no or if a doable restoration might happen.

This text goals to tell readers in regards to the potential implications of Toncoin’s current technical breach by offering an in-depth evaluation of its market efficiency, particularly specializing in the value falling under the 100-day SMA. It additionally assesses doable future situations for TON’s value motion, exploring whether or not the digital asset will proceed to say no towards the $6 mark or if a restoration may be imminent.

On the time of writing, the value of Toncoin was buying and selling round $6.75, up by 2%, with a market capitalization of over $16 billion and a buying and selling quantity exceeding $220 million. During the last 24 hours, there was a 2.01% improve in TON’s market capitalization, whereas its buying and selling quantity has decreased by 14.75%.

Breaking Beneath The 100-Day SMA: A Technical Evaluation

After efficiently crossing under the 100-day Easy Transferring Common (SMA), the value of TON on the 4-hour chart is at present displaying a short-term bullish correction, marked by a sequence of bullish candlesticks. Nevertheless, you will need to word that the cryptocurrency might ultimately decline towards the $6 help degree once more, because it stays buying and selling under the 100-day SMA.

Supply: TONUSDT on Tradingview.com

Though the sign line of the Relative Power Index (RSI) indicator on the 4-hour chart is trying an upward transfer, it’s nonetheless trending under the 50% degree. This implies that the present bullish pattern could also be short-lived, as momentum might shift from bullish to bearish, probably driving the value in the direction of the $6 help mark.

On the 1-day chart, Toncoin is trying to retest the 100-day SMA by forming a single bullish candlestick after breaching under it. Following this retest, the cryptocurrency asset might resume its downward motion in the direction of the $6 help mark.

Toncoin
Supply: TONUSDT on Tradingview.com

Lastly, it may be noticed that the sign line of the 1-day RSI indicator has crossed under 50% and is at present shifting in the direction of the oversold zone. This positioning of the RSI indicator signifies a possible shift in momentum from bullish to bearish for TON’s value.

Conclusion: Assessing The Lengthy-Time period Outlook For Toncoin

Exploring TON’s long-term outlook reveals that if the coin’s momentum shifts from bullish to bearish, the value will start to maneuver downward towards the $6 help mark. When the value reaches this degree and breaks under, it could transfer decrease to check the $4.6 help mark and possibly transfer on to check different decrease help marks on the chart if the value breaches this degree.

Nevertheless, ought to Toncoin attain the $6 help vary and expertise a rebound, it might start to maneuver upward towards the $7.75 resistance mark. If the value breaks by means of this resistance, it could proceed to rise, testing its all-time excessive of $8.20 and probably establishing a new all-time excessive when this mark is surpassed.

Toncoin
TON buying and selling at $6.716 on the 1D chart | Supply: TONUSDT on Tradingview.com

Featured picture from Adobe Inventory, chart from Tradingview.com

Bitcoin

TON Price Remains Resilient Above $6.7, Can It Hold Ahead Of Crypto Winter?

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My title is Godspower Owie, and I used to be born and introduced up in Edo State, Nigeria. I grew up with my three siblings who’ve all the time been my idols and mentors, serving to me to develop and perceive the lifestyle.

My dad and mom are actually the spine of my story. They’ve all the time supported me in good and unhealthy occasions and by no means for as soon as left my facet each time I really feel misplaced on this world. Actually, having such wonderful dad and mom makes you are feeling secure and safe, and I received’t commerce them for anything on this world.

I used to be uncovered to the cryptocurrency world 3 years in the past and received so fascinated with realizing a lot about it. It began when a pal of mine invested in a crypto asset, which he yielded huge positive factors from his investments.

After I confronted him about cryptocurrency he defined his journey to date within the subject. It was spectacular attending to find out about his consistency and dedication within the area regardless of the dangers concerned, and these are the main the reason why I received so fascinated with cryptocurrency.

Belief me, I’ve had my share of expertise with the ups and downs out there however I by no means for as soon as misplaced the fervour to develop within the subject. It’s because I consider progress results in excellence and that’s my purpose within the subject. And at present, I’m an worker of Bitcoinnist and NewsBTC information shops.

My Bosses and colleagues are the very best sorts of individuals I’ve ever labored with, in and out of doors the crypto panorama. I intend to provide my all working alongside my wonderful colleagues for the expansion of those corporations.

Typically I prefer to image myself as an explorer, it is because I like visiting new locations, I like studying new issues (helpful issues to be exact), I like assembly new individuals – individuals who make an influence in my life irrespective of how little it’s.

One of many issues I like and revel in doing essentially the most is soccer. It’s going to stay my favourite outside exercise, most likely as a result of I am so good at it. I’m additionally superb at singing, dancing, appearing, trend and others.

I cherish my time, work, household, and family members. I imply, these are most likely a very powerful issues in anybody’s life. I do not chase illusions, I chase desires.

I do know there may be nonetheless so much about myself that I would like to determine as I attempt to change into profitable in life. I’m sure I’ll get there as a result of I do know I’m not a quitter, and I’ll give my all until the very finish to see myself on the high.

I aspire to be a boss sometime, having individuals work below me simply as I’ve labored below nice individuals. That is one in every of my greatest desires professionally, and one I don’t take flippantly. Everybody is aware of the highway forward is just not as straightforward because it appears to be like, however with God Almighty, my household, and shared ardour buddies, there is no such thing as a stopping me.

Bitcoin

TON Price Surges 15% In A Day But Signs of Bullish Exhaustion Emerge

TON worth rallied practically 15% and traded above the $6.50 resistance. Toncoin is now displaying a couple of indicators of development exhaustion and may appropriate positive factors.

  • Toncoin jumped above the $6.20 and $6.50 resistance ranges.
  • The worth is now buying and selling above $6.50 and the 100-hourly Easy Transferring Common.
  • There’s a key parabolic curve forming with assist at $6.80 on the hourly chart of the TON/USD pair (knowledge supply from Kraken).
  • The pair might begin a draw back correction if it declines beneath $6.80 and the $6.60.

TON Value Reaches $7

Lately, TON worth began a powerful enhance from the $5.60 assist zone. It climbed above the $6.20 resistance zone. It gained practically 15% in a day and outperformed Bitcoin and Ethereum.

Toncoin traded near the $7.00 degree. A excessive was fashioned at $6.93 and the value is now consolidating positive factors. It’s buying and selling close to the $6.80 zone and effectively above the 100-hourly Easy Transferring Common. There’s additionally a key parabolic curve forming with assist at $6.80 on the hourly chart of the TON/USD pair.

Speedy resistance is close to the $6.92 degree. The primary key resistance is close to $7.00. A detailed above the $7.00 resistance zone might spark a powerful enhance.

Supply: TONUSD on TradingView.com

The subsequent key resistance is close to $7.20. If the bulls stay in motion above the $7.20 resistance degree, there may very well be a rally towards the $7.55 resistance. Any extra positive factors may ship the value towards the $8.00 resistance.

Draw back Correction In Toncoin?

If Toncoin worth fails to clear the $6.90 resistance zone, it might begin a draw back correction. Preliminary assist on the draw back is close to the $6.80 degree and the parabolic curve, beneath which the value may take a look at the 23.6% Fib retracement degree of the upward transfer from the $5.61 swing low to the $6.93 excessive.

The subsequent main assist is at $6.25 or the 50% Fib retracement degree of the upward transfer from the $5.61 swing low to the $6.93 excessive. If there’s a draw back break and a detailed beneath the $6.25 degree, the value may speed up decrease. Within the acknowledged case, the value might retest the $6.00 assist zone.

Technical Indicators

Hourly MACD – The MACD for TON/USD is now shedding tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for TON/USD is now above the 70 degree.

Main Assist Ranges – $6.80 and $6.60.

Main Resistance Ranges – $6.90 and $7.00.

Bitcoin

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

Enterprise capital agency Pantera Capital has invested considerably in The Open Community blockchain. The information, introduced on Thursday, resulted in a 9% surge within the community’s native token, Toncoin (TON), pushing its worth above the $5 mark.

Pantera Capital Bullish On TON And Telegram Integration

In a assertion, Pantera Capital expressed enthusiasm about their newest funding in TON. The Layer 1 community, initially conceived by Telegram and continued by the open-source neighborhood, can doubtlessly introduce cryptocurrency to the lots because of its intensive utilization throughout the Telegram community. 

Telegram, utilized by over 900 million month-to-month lively customers, is thought for private and group communication, neighborhood constructing, content material sharing, and extra. Pantera Capital believes that by leveraging Telegram’s huge consumer base and consumer expertise, mixed with TON’s rising ecosystem, the community might turn out to be one of many largest within the cryptocurrency house. Pantera’s announcement additional reads:

We at Pantera Capital are thrilled to announce our newest funding in TON, a Layer 1 community initially designed by Telegram and continued by the open-source neighborhood.  We consider TON has the capability to introduce crypto to the lots as a result of it’s used extensively throughout the Telegram community. 

The combination of TON with Telegram aligns with the platform’s imaginative and prescient of offering a “seamless” and “borderless” expertise for peer-to-peer (P2P) funds inside its consumer base. 

Tether’s Integration With The Open Community

As beforehand reported by NewsBTC, Tether, the corporate behind the most important stablecoin available in the market, USDT, not too long ago introduced the launch of its USDT dollar-pegged token and Tether Gold (XAUT) on The Open Community. 

This integration additional will increase the potential for P2P funds inside Telegram’s intensive consumer base, a prospect that Pantera Capital goals to capitalize on.

Along with the funding in TON, Pantera Capital is actively pursuing the launch of a brand new fund, Pantera Fund V, to lift over $1 billion. This fund goals to offer buyers with various funding choices throughout the blockchain asset spectrum, encompassing startup fairness, early-stage tokens, and liquid tokens.

The brand new fund has established a minimal funding threshold of $1 million for certified buyers, and the primary shut is scheduled for April 1, 2025. 

Insiders aware of the matter have indicated that Pantera Fund V is anticipated to succeed in the same measurement as its predecessor, which efficiently amassed roughly $1.25 billion in capital two years in the past.

TON
The every day chart exhibits TON’s value trending upwards. Supply: TONUSD on TradingView.com

Following the disclosure of Pantera Capital’s funding in The Open Community, the value of TON skilled a notable 9% surge on Thursday, reaching a present buying and selling value of $5.09. This improve comes after a major value decline, with TON dropping as little as $4.6 after reaching its all-time excessive (ATH) of $7.65 in mid-April.

Featured picture from Shutterstock, chart from TradingView.com 

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding choices. Use data supplied on this web site fully at your individual threat.