Tracking crypto markets this week reveals three standout performers: Toncoin (TON) facing bearish pressure, MORI COIN's new exchange listing, and Bonk (BONK) riding meme coin momentum. Here's what investors need to know about these trending assets.
Toncoin, MORI COIN, Bonk: Top Crypto Movers Today
Toncoin's Rocky Path
Toncoin trades at $2.76 today, down 24% from recent highs. Technical indicators flash caution with all major moving averages signaling "SELL." The 50-day SMA sits at $3.03 while the 200-day SMA is higher at $3.75, suggesting persistent downward pressure. Despite this, some analysts predict a rebound to $9.89 by late 2025 if market sentiment shifts.
Key factors influencing Toncoin:
- Bearish sentiment: RSI at 44.93 shows neutral momentum but volatility remains high at 5.17%
- Institutional interest: Recent wallet growth on Telegram's integrated blockchain
- Technical outlook: 8/10 moving averages recommend selling positions
MORI COIN's Big Exchange Debut
MORI COIN launched on BitMart exchange July 5th with MORI/USDT trading pairs, triggering 46% weekly gains before settling at $0.1878 (-5.91% today). The listing significantly boosted accessibility for traders, though price consolidation followed the initial surge.
Current MORI COIN metrics show:
- 24-hour trading volume: $9.98M
- Market cap: $168.78M
- Resistance level: $0.20 (tested twice this week)
Bonk's Meme Power Surge
Bonk exploded 21% this week to $0.0000146, fueled by easing geopolitical tensions and its expanding utility within Solana's ecosystem. Unlike typical meme coins, Bonk integrates with 100+ merchants via Solana Pay and powers NFT rewards through platforms like LetsBonk.fun.
Why Bonk stands out:
- Real-world use: Accepted at 100,000+ US merchants
- Record-breaking platform: LetsBonk.fun generated $300M volume in 24 hours
- Price targets: $0.000034 predicted by December 2025
Market Connections
These movements reflect broader crypto trends. Exchange listings like MORI COIN's often trigger short-term volatility, while Toncoin's technical struggles mirror Bitcoin's recent resistance at $70K. Bonk's growth highlights how meme coins with tangible utility outperform hype-driven rivals.
What's Next for These Tokens?
Toncoin needs to reclaim $3.00 to reverse bearish sentiment. For MORI COIN, holding $0.18 support is crucial after its BitMart debut. Bonk appears strongest technically with analysts forecasting 70% upside if it breaks $0.000020 resistance. All three remain highly sensitive to Bitcoin's next major move.
