Toncoin Reached an All-Time High

By
Tana Harina

06/05/2024

4,4

★

Toncoin continues to gain momentum in the bull market. The coin started the trading day by renewing its all-time high.

Toncoin managed to reach the $7.78 mark, rising over 13% in the last 24 hours. Weekly growth amounted to 17%, and over the month the coin grew by 30%, emphasizing its stable position in the bull market.

$TON is now available to trade on Robinhood Crypto for customers in select jurisdictions in Europe.

Get a 10% bonus up to €500 on net crypto buys, including $TON, in your first 30 days of sign up. Terms apply.https://t.co/xeaZTlqmzq
— Robinhood Crypto EU (@RobinhoodCrypto) June 4, 2024

The new gains allowed the coin to overtake Cardano once again and take the 9th place in the list of top cryptocurrencies by market capitalization.

Toncoin's latest rise is due to the news of the coin's possible listing on the Robinhood trading platform. Users of the platform in some European countries will have access to trading the coin.

RSI index is in the overbought zone and indicates a possible further growth of the coin. Keeping the price above the resistance level of $8.7 could potentially send the price of Toncoin to $10.

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