Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Toncoin Shows Bullish Momentum—Can TON Break Key Resistance?

3d ago
bullish:

0

bearish:

0

Share

Toncoin Shows Bullish Momentum—Can TON Break Key Resistance?

  • Toncoin’s RSI and MACD indicate bullish momentum, with key resistance at $4.67.
  • A $400M investment and Telegram’s deeper integration are driving strong demand for TON.

Toncoin (TON) has been pushing higher, showing strength even as the broader crypto market struggles. It’s now trading at $4.00, up 5.38% in the last 24 hours, with buyers stepping in and fundamentals looking solid. Will Toncoin break past $4.67 and keep climbing, or is a pullback coming?

TON’s Indicators Show Strength, But Can It Hold?

Technical indicators are flashing bullish signals, but traders are watching closely to see if this rally has more fuel or if a pullback is around the corner. The RSI (Relative Strength Index) is  currently at 69.6, which reflects buyer’s interest and gradually heading towards the overbought zone. Toncoin’s Money Flow Index (MFI) also sits at 50.65, which means a balanced market activity.

Source: SosoValue 

Momentum is on TON’s price, too. The MACD just made a bullish crossover, meaning buyers are stepping in with confidence. But the histogram is flattening, which could mean the momentum is slowing down a bit before another move. The Awesome Oscillator (AO) is still green, but red bars are starting to appear, signaling that the bullish push might take a breather before resuming.

TON is strongly holding its key moving average prices. The 50-day EMA which is at $3.65 is already a solid support level, which keeps the token’s uptrend potential intact. TON’s 200-days EMA at $4.67 also mean a break beyond the price could spark a bullish trend. 

TON is currently priced at its critical resistance level which is around $4.00. If eventually it pushes past this level,  the next target is  $4.21, which would be followed by an uptrend race to $4.67–$4.70. 

That’s exactly where the 200-day EMA sits, and a breakout above that could open the door to $5.35 and even $6.16.

However, if TON struggles to maintain its strong pressure beyond $3.7, a bearish action could draw the token back to $3.18–$3.36 as the next safety net. If sellers take control, we could even see a dip to $2.74–$2.36, but that would only happen if things turn bearish. Right now, that doesn’t seem likely.

What’s Driving TON’s Rally?

It’s not just the charts telling a bullish story, TON’s fundamentals are looking solid. A $400 million investment from big-name VC firms like Sequoia, Ribbit, and Benchmark has been a game-changer.

These forward-thinking capital firms are focused on blockchain technology and invested in  Ton blockchain , hoping for a token yield results.

Another vital factor is Telegram’s deep integration with the TON ecosystem. Telegram now has over 1 billion users, this was shared by its CEO, Pavel Durov via a tweet on X(formerly X).

This massive ecosystem of active users could give Toncoin a huge boost for adoption. Telegram CEO Pavel Durov recently left France after gaining freedom from France governance since his arrest for failing to properly moderate his platform to reduce criminality. This news further sealed the user’s trust around the Ton project. 

Meanwhile, TON’s trading volume is up 87.97% in the past 24 hours. That’s not just price movement; it shows real demand and growing interest. TON is looking strong, both technically and fundamentally. If it stays above $4.00, it has a real shot at breaking through $4.21 and $4.67, which could send it toward $5.35 or higher.

Highlighted Crypto News for Today

HashKey and Bosera Launch World’s First Tokenized Money Market ETFs

3d ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.