TON: The Open Layer 1 blockchain network for everyone

A decentralized and open internet, created by the community using a technology designed by Telegram. It is made up of three components

TON blockchain - It is a collection of  2 blockchains that can process millions.TON Blockchain presents some new and unique features, such as the self-healing vertical blockchain mechanism and Instant hypercube routing which enable it to be fast, reliable, scalable, and self-consistent at the same time.  It is heterogeneous similar to the EOS and Polkadot.

TON networks- It is used for accessing the TON blockchain and for sending transactions and receiving clients' accounts and smart contracts. It uses a gossip protocol to propagate new blocks and transaction candidates.

TON payments- a platform for fast and secure payments. In this method, we need to pay the associated transaction fees and wait for five seconds until the block gets confirmed.

TON DNS -It allows users to assign a human-readable name to crypto wallets, smart contracts, and websites.

TON Storage -It helps to store archive copies of blocks, status data, and arbitrary files. Its storage technology is based on torrents.

Main features of  TON

Transaction per second -104715

Block Time-  5 seconds

Number of validators- 230

TONUSD prices lost more than 22% from a minor top of $2.699. It is currently trading around $2.13. The pair is holding below the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $2.85, any indicative breach above will take the pair to $3.25/$3.50. On the lower side, immediate support is $2, and any violation below targets $1.70/$1.25.

Indicators ( Daily chart)

CCI(50)- Bearish

Directional movement index - Bearish

RSI - 32 (Slightly oversold)

It is good to buy on dips around $2 with SL around $1.70 for TP of $10/$14.