Is It Too Late to Buy Toncoin? TON Price Leaps 7% as Viral Crypto Casino Secures $1.2 Million in Funding – How to Buy Early?

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As the Open Network's native Toncoin (TON) leaps up +7%, can price action secure a foothold above the 20DMA - find out in TON price analysis.

Touted as the only Web3 infrastructure integrated and promoted by the popular Telegram messaging app, Toncoin has recently enjoyed a boost in fundamental headwinds from its latest integration with Blockchain.com.

With TON now supported for buying, selling, swapping and storing in the Blockchain.com wallet, this new move connects Toncoin with $165,307 in 24-hour spot trading volume.

As price pushes up above the 20DMA, Toncoin (TON) is currently trading at a market price of $2.05 (representing a 24-hour change of -2.06%).

This comes as price finds double-bottomed support around the $1.90 support level, following localised retracement, in a move which has poised price action to push high once more.

Toncoin has been on the rise since news of the Telegram integration triggered a major +57.33% rally leg on September 12.

This impressive upside movement triggered a 'golden cross' pattern on September 15, as price hammered up to the upper trendline.

Now, in a battle with the 20DMA - footing here could once again trigger a return to testing at upper trendline resistance.

Indeed, looking at the RSI which currently stands at 52.03 - a bounce could be likely here, with the RSI sat at similar level to the major bounce on September 12.

This bullish sentiment is reflected in the MACD which currently stands at 0.0497.

Overall, Toncoin looks strong here with growing support above the 20DMA coming after double-bottomed support at $1.90.

To the upside Toncoin has a target at $2.56 (a potential +25.66%).

While downside could see Toncoin fall to $1.99 (a possible -2.32%).

This leaves Toncoin with a risk: reward