Toncoin (TON) on the Verge of Breakout: 50-Day SMA Test and 20% Potential

Toncoin (TON) is currently testing its 50-day Simple Moving Average (SMA) resistance level, signaling a potential bullish trend and a significant price surge. On-chain data points to a growing momentum within the TON ecosystem, suggesting a possible 20% price increase in the coming days.

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The 50-day SMA acts as a crucial support and resistance level, often indicating the overall trend direction. With TON successfully breaching this level, it signals a strong buy signal and a positive sentiment among investors. This bullish move is further supported by growing on-chain activity, indicating increased adoption and network usage.

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As the price approaches the 50-day SMA, traders are closely monitoring the market for potential breakouts. A successful breakthrough could trigger a 20% price surge, pushing TON towards its next significant resistance level. The positive outlook is fueled by the ongoing development of the TON network and the growing interest in its capabilities.