Toncoin: Will the price reach a new all-time high soon? 🚀🌕

The price of Toncoin (TON) continues to climb significantly northward. All relevant chart markers are in the latest price analysis. 📊💹

https://m.primal.net/JAYX.webp

The price of the cryptocurrency Toncoin (TON) continues to defy the recent correction trend in the crypto market, rising double digits in value in recent trading days after successfully retesting the old resistance area last week. Once again, the price was able to form a higher low and use the 50-day moving average EMA50 (orange) around $6.80 as a springboard. At $7.70, Toncoin is currently only seven percentage points below its all-time high and shows clear outperformance among altcoins. It could soon target its previous peak of $8.28 from June 15th, following a recovery movement in the crypto market. 📈💪