Despite Bitcoin's drop from $69,000 to $66,000, Toncoin (TON) is showing remarkable resilience. After reaching an all-time high of $7.87, TON is now eyeing a new target of $8. The Chaikin money flow metric suggests a bullish trend, with buying pressure dominating the market. Although Bitcoin's decline has impacted the crypto market, Toncoin has maintained a stable stance.

The Telegram-based altcoin may reclaim its $8 target, driven by the surge in Telegram Bot tokens. The combined market value of Telegram-based tokens has exceeded $1 billion, fueling TON's rise. The sentiment metric for TON has reached a two-month high, hinting at potential gains beyond its current all-time high. If TON surpasses $7.87, it may target $8, with potential higher levels if the mentioned level becomes a support base.

However, profit-taking sales may lead to a decline, with the critical support level at $7.07. Losing this level could result in significant declines, negating the upward momentum. Despite this, Toncoin's resilience amidst Bitcoin's decline suggests a promising outlook.

In conclusion, Toncoin is bucking the trend, aiming for $8 despite Bitcoin's decline. With a strong Chaikin money flow and buying pressure, TON may achieve new heights. While potential declines are possible, the altcoin's stability and sentiment suggest a bright future ahead.