Toncoin: Can TON extend its 20% surge and break past $7? – BitRss

• The momentum of Toncoin remained bullish but has weakened compared to the previous week.
• Sustained demand was seen in recent weeks, but it might not be enough to break the $7.3 and $8.3 resistance zones.

Toncoin [TON] was up nearly 20% after the swift drop to $5.3 on Monday the 9th of December. This dip varied across exchanges, reaching $5.3 on Binance but $4.91 on Bybit. Liquidation cascade’s bottom aside, the recovery has been remarkable on the lower timeframes.

Bitcoin [BTC] has yet to convert the $101k-$103k zone for support. However, the altcoin market cap has been in a strong uptrend since November. After the large reset on Monday, further gains can b…