🟪 Toncoin (TON) is one of the most successful projects of this cycle. Integration with Telegram and key partnerships are helping The Open Network expand its user base. However, the TON blockchain faces challenges that could impact the price of its native token.
🟪 Despite the growth in the number of active wallets, TON is struggling to sustain a high volume of daily transactions. If this trend continues or intensifies, the price of TON may suffer similarly.
🟪 Currently, Toncoin is trading at $6.44. The asset reached this level after Binance added the cryptocurrency to its listings. However, Aroon and MACD indicators suggest a possible price decline to $6.04. Nevertheless, increased bullish sentiment and buying activity could drive the altcoin back to $6.91 or higher.