However, an ascending triangle was bound to break out on June 14, where TON headed to a new all-time high of $8.29. This breakout turned out to be a fakeout and, for a brief spell, trapped traders with long positions. Subsequently, TON completed an almost 15% retracement to test the ascending trendline support around the 61.8% Fibonacci retracement level of $6.886.
Concurrently, the Financial Services and Regulatory Committee of Kazakhstan has approved Toncoin (TON) for trading on regulated exchanges. In fact, after undergoing a full-scale audit, Toncoin passed all the stringent listing requirements set by the financial regulator. This would not only confirm the credibility of TON but also increase access for potential investors.
