Toncoin explodes 12% in 2 hours on the back of UAE’s Golden Visa rules

• The Toncoin price event has lasted a trend in the last two weeks.
• Lack of strong sales in recent weeks has shown that there is a potential for recovery.

Open net [TON], Open-source decentralized blockchain L1, saw increased demand for their native cryptocurrency Toncoin July 8. The token increased by 12.1% in two hours and experienced a high volume of trading.

Despite short -term profits, the 12 -hour chart showed that the bear ruled. The token was unable to break the local maximum to $ 3 and $ 2.92, marked with greenery.

The recent rally was also forced to reappear under the mark of $ 2.92 at the time of writing. CMF recovered to -0.01, but did not show a permanent, high demand for toncoin.

Similarly, the A/D indicator has declined in the last week. The volume indicators indicate that demand must be consistent before TON could get back a $ 3 resistance.

Traders who want to last long can enter positions as soon as the level $ 3 is inverted to support.

Why is Tona a sharp value?

Open net notified A new way to the UAE residence. Applicants who have bet $ 100,000 in the ton for three years offered ten -year gold visas and also paid a one -time processing fee for processing $ 35,000.

Applicants would retain control of their assets. The program also promised an annual yield of 3% -4% on settled assets.

In the X post, co -founder Coingecko Bobby ong He noted that the crypt journey was a wonderful story of partnership.

“The entry is 5 times lower than the equivalent investment in real estate / FD and certainly drops the whale attention to look at TON and consider it a possibility.”

The area of ​​2.7 to $ 2.8 has been a significant support since April. Further south, the level of $ 2.5 was another psychological support that was respected at the beginning of this year.

The Golden Visa SAE announcement could stimulate whales to buy Toncoin at these levels of support and could stimulate in the coming weeks.

The destroyed coins days are a metric used to understand expenditure, especially from long -term holders. A higher CDD value means that older, sleeping toncoin, usually for sales purposes, has been moved.

Examination of destroyed coins showed that the latest considerable wave of sales came in early May. Since then, although the price has repeatedly tested $ 2.7, the sales pressure has been weak.

Combined with price action and news development, toncoin prices seemed to increase here.