Last week, Bitcoin (BTC) made a brief retest of the $72,000 threshold before retracting some gains, while several leading cryptocurrencies experienced moderate increases.

The total market capitalization of cryptocurrencies globally saw a modest rise of $10 million, concluding the week at $2.54 trillion.

Our focus for this week revolves around the standout performances of certain cryptocurrencies in the past week:

**Toncoin (TON): Surging to New Heights**

Toncoin (TON) showcased remarkable price movements in the previous week, commencing with a robust start highlighted by an impressive 8.6% surge on June 2. This substantial increase enabled this Telegram-based digital asset to close above $6.8 for the first time in three weeks.

Continuing its bullish trajectory, TON reached an unprecedented all-time high of $7.86 on June 5, surpassing its previous ATH of $7.67 achieved in April.

Despite facing notable declines in the subsequent days, Toncoin concluded the week with an 11% surge. However, it exhibited a general decline in its on-balance volume (OBV) throughout the week.

The OBV for TON decreased from 155.3 million to 127.8 million tokens last week. This divergence indicates a potential lack of strength to sustain the upward trend into the new week.

In the event of a correction, TON's immediate resistance is situated at the 23.6% Fibonacci retracement level, approximately at $6.969.