TON Price Forecast: Next Stop $10?

Toncoin price is on course to close above the $7.50 support level for the second consecutive trading day. With the growing influx of new investors, TON bulls are well-poised to stage a decisive breakout towards new all-time highs above $10.

The number of active TON wallets has continued to increase at a rapid pace, rising from 16,695 on May 1 to 21,800 at the time of publication on June 13. This represents a 30% increase in the number of new funded wallets over the last 45-days.

The influx of new investors into the Toncoin network is a positive sign, as it indicates that the project is gaining traction and that people are interested in using and holding TON. This is also evident in the strong price performance of TON, which has outperformed the market average in June.

With the growing interest in TON, the next resistance level to watch is at $7.75, as indicated by the upper-limit Bollinger band technical indicator. A decisive breakout above this level could pave the way for a strong rally towards new all-time highs above $10.