Investor Optimism Drives 45% Surge in Telegram’s Toncoin Space

Telegram’s Toncoin Space sparks a 45% surge as investors remain optimistic. Last week, TON has seen a remarkable increase of approximately 45%. This notable surge can be attributed to Telegram’s recent launch of TON Space. Thanks to this new addition, the price of Toncoin has undergone a bullish reversal.

Check out what experts have to say on X (formerly Twitter):

Let's hope that in 2023 more and more games start incorporating @ton_blockchain technology to create innovative and fun gaming experiences in @telegram

— EVAA Protocol (@evaaprotocol) May 14, 2023

According to CoinGecko’s data from the past 24 hours, TON has gone up by 6.2%. The introduction of the self-custodian wallet aims to enhance Toncoin’s Web3 framework. Pavel Durov has announced that all Telegram users will gain access to the platform starting this month. With Telegram’s ambitious expansion involving Toncoin, investors hold a positive outlook, as this development could further boost TON’s potential for growth.

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Toncoin Market Situation: September 19

The prior trend was bearish, lasting for over five months until August 2023. The market experienced an algorithmic decline in fractals as breaks in structures kept resurfacing after the invalidation of major lows.

The downtrend ended as the price retracted to $0.9980 as it became overwhelmed by the buying pressure in the demand zone. A market structure shift to the upside has occurred; the uptrend will likely remain ongoing algorithmically.

TON/USD Critical Levels

Resistance Levels: $2.61700, $2.91800, $3.2800
Support Levels: $1.15300, $0.99800, $0.70000

Total Market Capitalization: $1.06T
Toncoin Market Capitalization: $8.86B
Toncoin Volume: $54.0M
Market Rank: #9

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