Toncoin jumps nearly 40% defying the bearish market

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Toncoin's price value surged by more than 38% in the last seven days. Metrics and market indicators looked bullish on TON.

The RSI was in the overbought zone, which can cause trouble.has decoupled from the market as its price has rallied substantially over the last few days. In fact, the surge also allowed the coin to enter the list of the top 10 cryptos by market capitalization.

Considering the volatile nature of the crypto market, is it likely for TON to remain in the top 10 club for long?Over the last few days, TON has surprised the crypto market as its price skyrocketed. The coin’s value surged by more than 38% in the last seven days. In fact, in the last 24 hours alone, its value went up by over 14%.at $2.41 with a market cap of over $8.2 billion, making it the 9th largest crypto.

 

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