Toncoin ($ tone) shows bullish trend: on the way to new heights with potential for $ 20 and above?

Toncoin ($ tone) shows bullish trend: on the way to new heights with potential for $ 20 and above?
Toncoin ($ tone): Positive price development and technical potential
The course of Toncoin ($ tone), the native token of The Open Network (sound), is promising after a clear bullish development in the past few days. According to the latest information from CoinmarketCAP, the current price is $ 3.75, which corresponds to an increase of 4.04 % within the last 24 hours.
market capitalization and trade volume
With a market capitalization of $ 9.31 billion, Toncoin is currently the twelfth largest cryptocurrency on the market. The trading volume has increased by a remarkable 37.33 % in the same period and is now $ 149.179 million. This increased interest of investors could be seen as a positive indicator of the future development of the token.
Technical analysis and support levels
Technical analysis shows that Toncoin could experience a positive price development, provided the price remains at important levels of support. Cryptocurrency analyst crypto Patel announced in a tweet that a decisive level of support is $ 2.50. At this point, the course from Toncoin moved with a range of $ 2.50 to $ 3.50.
The analysis suggests that the upward trend remains intact as long as the price above the range remains of $ 2.30 to $ 2.50. Patel also emphasizes that if a stability over the 3.50 US dollar mark is achieved, this could lead to a potential increase to $ 20.
Potential price goals and risks
in his tweet Crypto Patel emphasizes the potential for a long -term price outbreak. Possible price targets are between $ 20 and $ 100. This indicates a significant increase in course if the upward trend continues.
However, it is important to take into account the critical levels. A value below $ 2.30 could endanger this positive assessment and lead to the risk of a stronger decline.FAZIT
Toncoin ($ tone) creates an impressive increase in price and shows promising technical signals. While the current price level of 3.75 US dollars gives investors hope, it is crucial to observe the level of support in order to correctly assess the future development of the tokens.