Thursday, July 17, 2025

TAC mainnet launch could send the altcoin to $3.50

Share

Introduction to Toncoin and Telegram

Telegram’s one billion users will soon be able to interact with Ethereum Virtual Machine (EVM) decentralized apps (DApps) directly within the messenger. This new feature is made possible by the launch of the Tac mainnet and could lead to increased DApp adoption and asset inflows into the TON network. By lowering the technical barrier to entry for mainstream users, this development has the potential to significantly impact the cryptocurrency market.

Understanding the TON Price Prediction

The TON price has risen above the moving averages and is approaching the downtrend line of the descending triangle pattern. The 20-day exponential moving average (EMA) has started to turn up, and the relative strength index (RSI) has jumped into the positive territory, indicating an advantage to buyers. If the price breaks above the downtrend line, it could propel the TON/USDT pair to $3.69.

Analyzing the TON/USDT Daily Chart

The TON/USDT daily chart shows that the price is nearing the downtrend line of the descending triangle pattern. Sellers are expected to defend the downtrend line, as a break above it will invalidate the negative setup. If the price turns down sharply from the downtrend line, it suggests that the bears remain sellers on rallies, which could keep the pair inside the triangle for some more time. A drop below the $2.75 support could give sellers the upper hand.

Examining the TON/USDT Four-Hour Chart

The TON/USDT four-hour chart indicates that both moving averages have started to turn up, and the RSI is in the positive territory, giving the bulls an edge. Buyers will try to push the price to the downtrend line, which could pose a substantial challenge. If the price turns down from the downtrend line but bounces off the 20-day EMA, it suggests a bullish sentiment, increasing the likelihood of a break above the downtrend line.

Potential Price Movements

If the price breaks above the downtrend line, the pair could rally to $3.40 and then to $3.50. On the other hand, a drop below the moving averages suggests that the bulls are losing their grip, and the pair may slump to $2.90. It is essential to note that every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Conclusion

In conclusion, the launch of the Tac mainnet and the integration of TON with Telegram could significantly impact the cryptocurrency market. The TON price prediction suggests that the price may break above the downtrend line, leading to a potential rally. However, it is crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As with any investment, it is essential to do your own research and consider your own risk tolerance before making any decisions.

Latest News

Related News