Toncoin Price Targets $8.97 as User Growth and Transaction Activity Soar

Highlights:

• Toncoin surged 20% in 24 hours, breaking its downtrend and reaching $3.48.
• Toncoin price shows signs of long-term growth, with key price targets at $5.12, $6.94, and $8.97.
• User growth and increased transaction volume signal strong demand for Toncoin’s network.

Toncoin (TON), the native token of the decentralized layer-1 blockchain The Open Network, has shown a remarkable rally today, emerging as the top gainer. TON has surged by 20% in the past 24 hours to break the continuous downtrend.

Toncoin’s rally has been attributed to the recent development of Telegram CEO Parel Durov’s matter. Parel Durov was permitted to leave France for the first time since August 2024 after the local authorities returned his passport.

TON Foundation Celebrates Pavel Durov's Passport Return

TON Foundation is delighted to learn that Pavel Durov's passport has been returned to him by French authorities, granting him the freedom to leave the country at his discretion.

This news marks a significant moment of… pic.twitter.com/KkNG7UnJBg

— TON (@ton_blockchain) March 15, 2025

Toncoin surged massively following the revelation of the news elevating the price to $3.33. The surge has shifted the recent declines lifting the weekly surge to 16%. However, the altcoin remains down by 8% on the monthly chart. 

The altcoin has recently dropped from $3.8 to $2.3 following the broad market decline. Moreover, its market cap and trading volume stand at $8.46 billion and $484 million, respectively. 

Toncoin Price Shows Potential for Long-Term Upside Movement

Crypto analyst Rose on X has stated that Toncoin has shown some level of long-term accumulation. This cryptocurrency is still consolidating close to the important support levels, and this is a sign of an upward movement. Toncoin at this point has displayed a bullish trend after a break from the previous downtrend.

Toncoin ( $TON) Achieves 20% Profit – More Targets Ahead!

After breaking the downtrend, #TON has confirmed its bullish momentum, successfully achieving 20% profit so far, with further upside potential.

Next Target Levels:

$5.12 – First target
$6.94 -… pic.twitter.com/8Xb06htwcs

— Rose Premium Signals (@VipRoseTr) March 15, 2025

The analyst has identified three important target levels for Toncoin’s next price movements. The first one is at $5.12, which serves as the initial resistance level. After breaking this level, TON might target the second level at $6.94. The last point of support is at $8.97, which may act as a resistance zone.

If TON holds above the current support, it is likely going to remain bullish. Furthermore, the Relative Strength Index (RSI) shows that the asset trending in the oversold region, meaning it is likely to reverse to the upward trend soon.

Toncoin Sees Surge in User Growth and Transaction Volume

Toncoin has gained traction and has a growing number of unique users across online and offline campaigns. According to Dune Analytics data shared by Viktor from TON Society, there was a huge growth in daily new users in the last few weeks. This might be due to the connection of Toncoin with Telegram and its potential future applications.

Interesting data to take a look at… $TON pic.twitter.com/LxITbXv7DS

— Viktor (@s0meone_u_know) March 14, 2025

The number of transactions is also increasing due to the strong health of the network. Both on and off-chain activity has risen to its highest level seen in the last several weeks. The increase in activity corresponds to the price increase of Toncoin, which can be considered to have high demand. With the continuous increase in transactions, there is an indication that the adoption of the Toncoin will continue especially in the long run.

Technical Analysis: Will TON’s Price Maintain the Uptrend?

Technical indicators on the daily chart suggest a robust bullish momentum in TON’s price movement. TON has reversed the continuous downtrend, which recently dropped the price to $2.3. 

Indicators such as the RSI and MACD have shifted their direction and headed in a positive direction. The RSI currently hovers at around 54 levels in the neutral region. As the buyers take the lead, the RSI could climb toward the overbought region, possibly pushing the price to break resistance at the $3.8 mark.

Additionally, the MACD line, which has been trending below the signal line has made a crossover and is heading toward the zero line. The histogram is forming green bars, indicating an increase in buying pressure. Should the current trend hold, TON could challenge the key resistance at $4.90 as the support at $2.30 holds strong.