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Toncoin has shown signs of recovery, with bullish momentum gradually building amid renewed buying interest. After a period of consolidation, TON crypto has gained traction, fueling optimism for fresh rallies. According to Web3Vibes, Toncoin is the most undervalued crypto in the market right now. With several promising Telegram projects launching soon on the TON network, the crypto asset could reach above $10 this summer.
The steady rise in trading activity and a bullish technical setup indicate TON Bull’s intent to challenge critical levels, which could set the stage for a stronger upward trajectory. Meanwhile, Ripple has witnessed $6.6 million in futures liquidation, with $3.92 million and $2.73 million counted for long and short liquidations, respectively. During the same period, Elluminex’s presale momentum has risen, attributed to growing investor interest in capitalizing on intriguing opportunities.
Ripple (XRP) Enters Consolidation Phase
Despite discussions regarding CME allegedly planning to launch Ripple and Solana futures contracts, XRP has continued to consolidate within the $2.90 and $3.30 range as its trading volume plunged in the past three days. This recent downtrend underscores a decline in the crowd excitement since President Trump’s inauguration. XRP token has formed a strong support base at the $3 psychological level.
Market participants closely monitor any potential catalysts that could drive further price action. On the flip side, XRP crypto faces resistance near the descending trendline, which extends from January 16. If the remittance-based token manages to overcome this level, it could clear its all-time high hurdle of $3.55, which could steer its price toward $4.40.
A rejection at the descending trendline resistance could see the price of XRP fall toward the $2.90 level. A breach of the $2.90 level will send the price of XRP to $2.62. its relative strength index (RSI) and the Stochastic Oscillator momentum indicators are just above the neutral area, suggesting that the altcoin is slightly dominant on bullish momentum.
Can Toncoin Price Hit $10 In This Cycle?
Toncoin price has broken out of its descending channel, steadily increasing its trading volume and technical indicators. However, the path to recovery still faces hurdles, with potential resistance and profit-taking behavior from short-term traders. TON crypto’s sustaining the current uptrend could determine whether the altcoin will reclaim higher ground and achieve a robust recovery.
Notably, its technical setup aligns with bullish sentiments, which point to an upward movement. Buying pressure has begun to outweigh the selling activity, highlighted by the Composite Trend Oscillator’s shift away from oversold conditions. The signal and RSI lines have approached neutral territory, suggesting the Toncoin price is on track for a strong surge. Additionally, the altcoin has attempted to move above its key support level, signaling a possible bullish momentum.
Conversely, Toncoin must overcome the resistance that has restricted its price process. If the crypto asset maintains its rally and breaks its immediate $6 resistance level, it could fuel a more powerful rally, attracting additional traders and steering its value toward the $7.2 mark. However, if the price of Toncoin faces rejection at the $6 level, it could trigger a retracement to lower support levels, possibly revisiting areas like $5.
Elluminex Set To Supercharge DeFi Toncoin Blockchain
The excitement of the 2025 bull cycle has created momentum for another token―Elluminex (ELX), which market participants believe could leverage TON’s rapidly expanding ecosystem to become a key player in DeFi. Notably, TON is a decentralized blockchain with a massive community and user base. In 2024, TON’s ecosystem TVL increased by 800%, reflecting a surge in activity thanks to its Telegram integration. Despite this, the network’s DeFi ecosystem is largely untapped.
So far, TON doesn’t have a dedicated DEX that could bolster liquidity in its ecosystem. Elluminex has become the missing bridge, enabling cross-chain swaps across major blockchains. This will bring in the much-needed liquidity for TON. The new liquidity could stabilize asset prices and boost confidence on the TON platform. Even more interesting is that this added liquidity could reduce slippage on Elluminex, making it appealing for traders.
Beyond DeFi trading, Elluminex has astute, user-friendly features. Among these is its AI portfolio tracker, which offers actionable insights based on real-time information for traders. This advanced tool has made trading accessible. The project also provides users pre-market access and staking rewards for as much as 18% APY. Priced at a low entry point of $0.06 per token, forward-thinking investors can join the Elluminex revolution before the price soars.
Can Elluminex Presale Momentum Outshine XRP?
As Toncoin and Ripple hold above key support levels, the Elluminex presale momentum continues to heat up. Thanks to its groundbreaking features and considerable investor interest, Elluminex has the potential to deliver high returns in this bull cycle and become a strong contender in the DeFi space.
For more information about Elluminex (ELX), visit the links below:
Website: https://elluminex.com/
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
English (US) ·