TON Price Prediction: Analyst Suggests DCA Strategy as Toncoin Eyes $10 High

The crypto market today witnessed a slight downtick during Wednesday's U.S. market session as Bitcoin's price reverted to $72,000.

Amidst a crypto market downturn on Wednesday, Bitcoin’s price slid back to the $72,000 level. While this decline hindered recovery in the altcoin market, crypto analysts have identified a favorable DCA strategy for the Toncoin price ahead of a major reversal.

In the early hours of Wednesday, the TON price was reported at $4.9 with a minimal intraday loss of 0.76%. According to data from Coingecko, TON’s market capitalization stood at $12.6 Billion, showcasing a slight decrease. On the other hand, the 24-hour trading volume in TON surged to an impressive $350.1 Million.

Crypto Analyst Highlights DCA Opportunity as Toncoin Targets $10

In a recent tweet, crypto analyst Burakkesmeci highlighted a suitable buying opportunity for long-term buyers utilizing the Toncoin Price Heat Map. This tool incorporates the one-year moving average and multipliers to identify critical support levels for TON.

Throughout bear markets, the Toncoin price has historically dipped below this average. However, given that we are currently in a bull cycle, the current dip could present a favorable risk/reward scenario.

According to this model, if TON’s price reaches the Sigma8 level, it could offer a significant profit margin due to the relatively low volatility and “cool” zone status on the Heat Map. This environment is ideal for Dollar-Cost Averaging (DCA), allowing investors to accumulate TON at a lower risk threshold.

Thus, a potential reversal will propel Toncoin price rally to $10 psychological level.

OKX, Open Platform, Folius Announce $10M Telegram Growth Hub for TON Blockchain

In other related news, OKX Ventures, The Open Platform, and Folius Ventures have announced their partnership to launch a $10 million “Telegram Growth Hub.” This initiative aims to support development within the Telegram ecosystem, including projects related to the TON blockchain.

The initiative will reportedly provide funding, mentorship, and technical assistance to promising startups for a period of six months. Applications for the program will open on March 15.

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