Toncoin is consolidating below the 200-day EMA, recovering slightly by over 1%. Coinbase Ventures’ undisclosed investment is bolstering trader confidence, leading to an uptick in bullish bets.
Coinbase Ventures joins notable investors like Sequoia Capital, enhancing confidence among Toncoin holders. Long positions have risen to 50.43%, a notable increase from 48.71%.
To establish a bullish trend, Toncoin must close above the $3.588 resistance. A breakout could see prices rise 20% to nearly $4.211.
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