Hold onto your hats, folks! Toncoin (TON) has skyrocketed by over 50% in the past week, and it’s all thanks to Telegram founder Pavel Durov’s dramatic exit from France to Dubai. 🚀 Because, you know, nothing says “crypto rally” like a tech mogul fleeing the land of baguettes for the land of skyscrapers. 🥖➡️🏙️
TON’s price, which had been sulking at $2.35 (its lowest in a year), has suddenly decided to play nice. Crypto analyst Crypto Patel is calling this a “great entry zone” for long-term investors. Translation: “Buy now before it moons, or forever hold your peace.” 🌕
TON’s 2025 Dream: Double or Nothing!
According to Patel, TON’s price has “perfectly bounced” from its support level of $2.50. Perfectly? Like a gymnast sticking the landing? 🏅 Sure, why not. And get this: the $2.40-3.00 zone, which used to be a resistance level, is now a “great entry zone.” Because in crypto, resistance is futile. 🖖
If TON rebounds decisively from this zone, it could target $5 by June or July. That’s right, folks. Forget summer vacations; this is the season of crypto gains. 🌞💰
Analyst Profit Mind is even more optimistic, predicting a $6 target if TON breaks above a falling wedge pattern. Falling wedges? Sounds like a bad haircut, but apparently, it’s a bullish signal. 💇♂️📈
And let’s not forget Crypto Billion, who’s betting on a bullish reversal because TON’s RSI is oversold. Oversold? More like underappreciated. 🙌
TON’s Sharpe ratio, which measures risk-adjusted returns, is also flashing blue. Blue? Like the sky? 🌌 Or like the ocean? 🌊 Either way, it’s a sign that TON might be ready to swim back to the surface. 🏊♂️
Shorts Are Dominant, But For How Long?
In the derivatives market, TON’s open interest (OI) has surged to $169.12 million. That’s a lot of unsettled contracts. Unsettled? Sounds like my love life. 💔
Meanwhile, TON’s funding rates are flirting with negative territory. Negative funding rates? That’s like paying someone to borrow your car. 🚗💸 But hey, it’s crypto. Logic is optional. 🤷♂️
If TON falls to $2.54, $10 million in long positions could be liquidated. But if it surpasses $4, $12 million in short positions could be at risk. It’s a high-stakes game of crypto chicken. 🐔💥
So, will TON soar to new heights or crash and burn? Only time will tell. But one thing’s for sure: it’s going to be a wild ride. 🎢 Buckle up, folks! 🚀
Read More
- Invincible Season 4: What We Know About Release Date and Plot Speculation!
- ONT PREDICTION. ONT cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- USD RUB PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- NYM PREDICTION. NYM cryptocurrency
- USD MXN PREDICTION
2025-03-16 15:19