DeFi News Official Today TheBitTimes.com

The Toncoin price pumped more than 6% in the last 24 hours to trade at $5.25 as of 11:38 p.m. EST as investors rush to buy the altcoin. With this recent gain, the TON price was able to push its weekly performance back into the green. However, the crypto is still down 21% on the monthly time frame. The Toncoin Price Breaks A Major Resistance 4-hour chart for TON/USDT (Source: TradingView ) The Toncoin price was able to break above the major resistance level at $4.996 in the last 24 hours and is now looking to overcome the next barrier at $5.417 as well. Should TON flip the $5.417 resistance into support within the next 12 hours, the altcoin could have the technical foundation needed to rise to as high as $6.042 in the short term. On the other hand, the Toncoin price getting rejected by the $5.417 price point might invalidate the bullish thesis. Traders could begin to enter into a short position in the altcoin in this alternative scenario. With the potential sell pressure, TON mi...

The Toncoin price dropped 1.7% in the last 24 hours to trade at $5.319 as of 03:34 a.m. EST on trading volume that plunged 26% to $928 million. This comes as The Open Network (TON) protocol failed to produce a block on Wednesday morning. This is a concern, as a blockchain not producing blocks for an extended period may disrupt network stability, leading to security risks and transaction delays. A recent airdrop of the DOGS memecoin might have been the cause of the standstill, as it caused a surge in transactions, and the network struggled to catch up to meet the demand. Toncoin Price Bearish, Bulls Aim For A Rebound According to data from GeckoTerminal , the Toncoin price has been on a downtrend in the last four days, as TON traded within a falling channel pattern. TON still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the current bearish trend. Moreover, the Relative Strength Index (RSI) trades within the 30-oversold level, showing that the...

Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. Next Cryptocurrency To Explode  It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptos to explode among upcoming crypto projects. With that in mind, investors should explore the potential of Me...