Toncoin's price continues to rally, with experts predicting that it could reach $10 by the end of the month. The RSI is also pointing upwards, indicating a strong bullish trend.

Toncoin's native cryptocurrency, TON, has made a remarkable comeback, gaining 18% and hitting a new all-time high of $7.0. This recent surge has propelled Toncoin to the eighth largest cryptocurrency by market cap, surpassing Dogecoin (DOGE) with a market cap of over $24 billion.

Toncoin has been on a roll since March, with its value increasing by approximately 35% in the last week and 136% over the past month. Its trading volume has also surged by over 300% on average on a daily basis over the past week.

The Toncoin price has been rising in an ascending channel pattern, indicating that bulls have been buying the dips. Despite bears pulling the price below the channel, the presence of long tails on the candlesticks suggests robust buying activity near the support line.

The optimistic outlook for Toncoin could be invalidated if the TON/USDT pair experiences a sharp downturn and closes below the support line, triggering a decline towards the 50-day SMA ($4.28).

The Toncoin price rally is driven by key developments in the ecosystem, including Telegram's plans to go public and launch advertisements in the app's channel, rewarding channel owners in Toncoin. Using TON-based ads, advertisers have full control over the placement and budget allocation of their advertisements.