- Toncoin has shown signs of stabilization following BlackRock’s planned participation in Telegram’s $1.5 billion bond sale, but it still faces resistance below the 50-day EMA.
- A bearish flag pattern suggests a potential downside risk to support at $2.36 unless it breaks above $3.72 to invalidate the bearish outlook.
Cryptocurrency markets paused on Thursday as investors digested the latest Federal Reserve minutes. Bitcoin hovered above $27,200, while the total market capitalization for all coins inched up by 0.45% to around $3.4 trillion. Among notable altcoins, Toncoin, Mask Network, and Pepe have drawn significant attention due to their recent price action and upcoming catalysts. Let’s dive into their latest price predictions.
Pepe Price Prediction: Bullish Flag and Golden Cross Signal Strength
Pepe coin, the third-largest meme token, has been on a striking rally. From a low of approximately $0.00000525 in March, Pepe surged to nearly $0.000015 today. It broke a critical resistance at $0.00000925 on March 26, a level that served as the neckline of a double-bottom pattern — a classic bullish reversal signal.
Technical indicators bolster the optimism for Pepe. The coin has formed a golden cross, where the 50-day and 200-day Weighted Moving Averages crossed, often signaling strong upward momentum. Additionally, a bullish flag pattern is evident, resembling a vertical surge followed by a consolidation “flag” shape, which typically precedes further gains.
Pepe’s price also cleared the 38.2% Fibonacci retracement level at $0.00001410, supported by rising RSI and MACD momentum indicators. The near-term target is to test the all-time high of $0.00002825, while a drop below $0.00001263 would challenge the bullish outlook.
Mask Network Price Forecast: Strong Rally Amid Privacy Token Surge
Mask Network has been a standout performer in the privacy token niche, which has seen renewed interest alongside leaders like Zcash and Monero. The project enables privacy-preserving interactions on popular social media platforms such as Twitter and Facebook.
After bottoming near $0.93 in April, Mask surged by over 200% to $2.76 recently. It’s trading well above its 50-day and 200-day moving averages, and the RSI has entered overbought territory, indicating strong buyer interest.
However, traders should be prepared for a possible short-term correction. A pullback could test support around $1.50 before the uptrend potentially resumes.
Toncoin Price Forecast: Stabilizing but Bearish Signals Persist
Toncoin has struggled since hitting a high of $8.27 last June, now trading near $3.36 after months of ecosystem turmoil and falling prices for associated tokens like Hamster Kombat and Notcoin.
Recent news that BlackRock plans to join Telegram’s $1.5 billion bond sale, along with talks of a partnership with Elon Musk’s xAI, have helped Toncoin stabilize. The price found a bottom near $2.37 in April and rebounded modestly.
Nonetheless, Toncoin remains below its 50-day Exponential Moving Average (EMA), which acts as resistance. The formation of a bearish flag pattern suggests a possible breakdown to support at $2.36 if the price fails to break above the $3.72 EMA. A move above this level would negate the bearish outlook.
Pepe and Mask Network show strong bullish momentum with potential near-term gains, while TON appears more cautious, balancing between stabilizing support and bearish pressure. Investors should watch these key levels closely for signs of the next major move.
