Toncoin jumps nearly 40% defying the bearish market – what now?
Toncoin's price value surged by more than 38% in the last seven days. Metrics and market indicators looked bullish on TON....
- TON has entered the top 10 cryptocurrencies by market capitalization due to a recent rally.
- The surge in price was driven by a new partnership with messaging app Telegram.
- On-chain metrics and market indicators suggest a continued uptrend for TON.
- However, the overbought RSI raises concerns about potential sell pressure.
The overall sentiment of the article is positive, highlighting TON's recent success and potential for continued growth. However, the concern over the overbought RSI introduces a note of caution.