TON’s Toncoin cryptocurrency will “likely outperform” spot returns of Bitcoin in a bullish scenario in the coming years, Bitget predicted.
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Toncoin has managed to recover part of its losses following Pavel Durov’s arrest, but it faces the risk of a bull trap.
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Growth in its DeFi ecosystem and the upcoming Binance Launchpool addition have put wind in Toncoin’s sails.
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The bullish scenario has TON’s price rallying 65% in July if the classic bullish continuation breakout setup plays out.
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Toncoin is poised for a potential 20% increase in the upcoming weeks, mirroring a bullish fractal pattern previously observed in February 2024.
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TON’s price risks a correction in the short term as it nears a confluence of historically strong resistance zones.
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