.jpg)
join us cable A channel to stay up to date with breaking news coverage.
Toncoin price has decreased by 4% in the last 24 hours. Trading at $5.39 As of 03:34 AM ET, trading volumes were down 23% to $1.2 billion.
This comes as the United Arab Emirates announced late Monday that it had asked the French government to allow consular access to Telegram CEO Pavel Durov, who is currently in police custody in Paris.
Durov was arrested late Saturday night and remains in custody as part of an investigation into allegations of child pornography, drug trafficking and organised crime on the Telegram messaging platform.
After the arrest, The Open Network (TON) saw a noticeable impact, with its home country ton The code decreased by more than 20%.
Toncoin Price Aims to Recover
Since the arrest, Toncoin’s price has fallen from the $6.82 resistance level, according to data from Gecko TerminalThe bulls are trying to keep the price above the $5.0 support level which has resulted in the formation of a descending channel pattern.
With the token currently in a downtrend, TON is trading below the 50 and 200 simple moving averages (SMAs) on the hourly chart, supporting the downtrend.
However, the Relative Strength Index (RSI) is rising from the oversold level of 30, which is currently at 47, indicating that buying pressure is increasing as investors prepare to add more to their positions.
Moreover, the Moving Average Convergence Divergence (MACD) indicator is also rising towards the neutral line on the 1-hour chart, indicating that TON is gaining momentum as it moves towards an uptrend.
The green bars on the chart also extend beyond the zero line, indicating that TON price is in positive momentum.
According to Toncoin price analysis, the cryptocurrency is showing a bullish bias as bulls aim to bounce above the descending channel pattern. If the bounce is successful, TON could surge to $6.3.
However, if the bears put more pressure on the cryptocurrency, the price of Tonquin It may drop to the $5.0 support zone.
Meanwhile, investors are buying up the new meme coin. Meme Games (MGMES)which has already raised over $400,000 through pre-sale.
According to Jacob Perry, a popular cryptocurrency analyst on YouTube, MGMES has the potential to surge 10x after its launch.
Meme Games Presales Reach Over $400K – Is It The Best Meme Coin To Buy Right Now?
With just over three weeks to go until its launch, The Meme Games is set to become a prominent player in the crypto space and could generate significant returns.
The Meme Games is a new meme coin project that has emerged with a unique ecosystem. It includes a game-based pre-sale and provides an opportunity to interact with the Olympic Games in a whole new way.
Breaking news about cryptocurrencies
Meme Games raised over $100,000 in the first 24 hours of its presale, drawing attention in the booming memecoin sector. #Partner Content Visit us @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
The project combines the competitive spirit of the Olympics with the vibrant, fun-filled ecosystem of meme coins in an exciting fusion.
Here, investors back a meme of their choice, which plays the role of an athlete competing in a blockchain-based version of the Olympic Games. Their backers will receive a 25% bonus if they win.
As a token holder, you can earn money passively through the project’s staking mechanism as well. All you have to do is: Buy and Deposit MGMES To get an annualized return (APY) of 482%.
You can buy MGMES tokens right now for $0.00935. The price is set to rise in about four days, so you might want to hurry to get the best deal.
buying MGMES from the official website here Using ETH, BNB, USDT, or bank card.
Related news
PlayDoge (PLAY) – Latest ICO on BNB Chain
- 2D virtual pet
- Play to earn Meme Coin Fusion
- Betting Bonuses and In-Game Tokens
- SolidProof Audited – playdoge.io
join us cable A channel to stay up to date with breaking news coverage.
