Open Network native Toncoin (TON) bounced back +5% after localized pullback from upper trendline resistance, but is it too late to buy Toncoin?
The pullback has swept the Toncoin chart after the rejection of the upper trendline resistance; this comes after a dramatic bomb to the upside caused by the news that Telegram integrated the TON wallet.
TON holders are speculating that a breakout move here could unlock soaring price action, with eagle-eyed traders highlighting the abundance of liquidity at higher price levels.
TON Price Analysis: Is It Too Late To Buy Toncoin?
Despite the recent setback, Toncoin is currently trading in the channel at a high market price of $2.14 (Represents a 24-hour change of +4.21%).
The loss of 20DMA support on September 30 has seen TON fall to the $2.00 price level, and a well-defended consolidation here has set the price action up for the ongoing bounce.
TON is still technically strong here, with reliable lower support to be found from the 200DMA at $1.75.
The 20DMA (sat at $2.24) will form the first key area of resistance for the current up move.
Toncoin’s RSI is showing a minor bearish divergence, with an oversold signal at 53.83.
While the MACD indicator reinforces this view with a reading of -0.0383 suggesting stalled momentum.
Overall, TON is fragile here, with the bullish move targeting a retracement of the 20DMA, against bearish indicators, possibly hinting at a further pullback.
This leaves TON with an upside target of $2.25 (a potential +5.34%).
While downside risk could see TON fall to $1.78 (a possible -16.6%).
This leaves Toncoin with a risk:reward ratio of 0.32 – a bad entry, an overwhelming buy risk on the downside.
Meet TG Casino: Fastest Growing Crypto GambleFi Presale Hits $475,000
As Telegram and GambleFi trading bots dominate the September narratives, TG.Casino ($TGC) presale is gaining major attention – approaching $421,000 raised in just days, here’s why it should be on your radar.
TG.Casino is not just another fast Telegram bot, but an intricately crafted ecosystem that combines the excitement of the casino world with the decentralized advantage of blockchain.
Being a fully licensed casino that seamlessly integrates with Telegram, which boasts over 700 million users, the reach and potential is undeniable.
Ease of use, amplified by a KYC-free protocol, makes it an attractive proposition for both newbies and crypto veterans with easy onboarding ensuring a smooth path to new user growth.
With a variety of offers, from thousands of live casino games, slots and table games to extensive sports betting, it guarantees an immersive experience.
And for those who want to start their journey, the matching deposit bonus of 150% on the first deposit plus 500 free spins is the cherry on top.
From a security point of view, users can rest assured: all data and funds are encrypted, which ensures solid protection against potential threats.
While the $TGC token not only facilitates instant transactions, it also serves as the beating heart of this dynamic ecosystem.
The TG Casino Presale: Hype and beyond
The pre-sale is where things get even more intriguing, as the bet APY on offer is nothing short of spectacular, standing proudly at 3,446%.
With over a million tokens being wagered within a day of the pre-sale’s launch, the momentum is palpable.
And a well-designed buyback mechanism ensures price stability and regular rewards, a plus for the community.
The utility of the $TGC token is another aspect to note, beyond its primary function in the casino world, its adaptability, whether exchanged for game credits or other cryptos, adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, means its fundamental role in the framework of TG.Casino.
How to buy TG Casino before?
Step 1: Go to their official website
The first thing you want to get right is to go to their official website.
Step 2: Create a crypto wallet
You need to set up a crypto wallet and it is important to choose a wallet that supports ERC-20 tokens as this is the TGC standards.
Step 3: Buy ETH or USDT
Next is to buy some Ethereum (ETH) or Tether (USDT) as these are the tokens used to trade on TGC.
Step 4: Connect Wallet to Presale Dashboard
Go to TG.Casino website and click the “Connect Wallet” button. A pop-up box will appear, where investors can choose their wallet provider and link their wallet to the pre-sale dashboard.
Step 5: Buy TG.Casino Token
Investors will see an order box on the screen where they can select ETH or USDT (or buy from BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin they want to buy; the minimum investment is $1,000 TGC. After making sure everything is correct, confirm the trade.
Step 6 – Claim the TG.Casino Token
After the TG.Casino pre-sale ends, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the “Claim” button on the TG.Casino home page. That’s it for how to buy TG.Casino.
TG Casino’s Unmatched Tokenomics Could Trigger GambleFi’s Biggest Moonshot
Finally, the TG.Casino ($TGC) presale is not just an opportunity; is a front row ticket to the future of Telegram GambleFi.
With the provision of tokenomics, distributed fairly between the pre-sale, liquidity pools, staking rewards and player rewards, and further bolstered by TG Casino’s exciting 3,446% APY, this project is positioned to become a big name in the GambleFi vertical.
Its combination of a comprehensive ecosystem, attractive financial benefits and a user-centric approach make it an attractive prospect. But, as always, arm yourself with research, and here are the successful companies!
Dive into the TG.Casino Presale now.
Buy $TGC here
Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.