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Toncoin ( TON ) has had a stellar year so far in 2024. The asset hit an all-time high of $7.63 on April 11, 2024, just over a month ago. Despite the incredible performance this year, TON has faced a 3% correction in the daily charts and a 12.5% correction in the weekly charts. Nonetheless, the asset has maintained some gains from its April rally, rising 3.7% in the 14-day charts and 2.5% over the previous month. Source: CoinGecko Also Read: Toncoin Surges 13% Post Pantera Investment: When Will It Hit $10? While TON is down by 16.9% from its all-time high, some analysts anticipate the asset to surpass its previous peak this week. Toncoin (TON) to hit a new all-time high Source: Medium/Redficrypto According to CoinCodex, TON ’s price could surge to $7.70 on May 24, 2024, a new all-time high. Moreover, the platform anticipates the asset to continue its bullish trajectory over the next few weeks. CoinCodex predicts TON to hit $21.70 on June 17, 2024. Hitting $21.70 fo...

The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels. Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and Exchange Commission’s pending lawsuit against Binance. Bitcoin (BTC) and several major altcoins fell sharply on Nov. 21 following the Binance news but are finding support at lower levels. This suggests that traders stepped in after the initial knee-jerk reaction, and are buying at lower levels. After the initial bounce, the bulls are likely to head into stiff opposition from the bears. Daily cryptocurrency market performance. Source: Coin360 Buying on dips and selling on rallies results in a range-bound action as both the bulls and the bears battle it out for supremacy. Ge...