Can Toncoin Price Rally to $4.70 as UAE Partnership Sparks Whale Accumulation?

Key Insights:

• Toncoin price may surge after the UAE launches the Golden Visa for long-term stakers.
• Derivatives volume jumped 235%, with open interest up 22% on bullish positioning.
• Analyst targets $4.70 if TON price breaks above the key $3.20–$3.80 resistance zone.

Toncoin (TON) price has now taken a center position following a key announcement regarding regulatory and residence privileges.

A recent collaboration with the United Arab Emirates could reshape the token’s trajectory as investors react to enhanced utility and geopolitical motivation. Amid these developments, analysts forecasted a Toncoin price rally to $4.70.

UAE Golden Visa Deal Boosts Toncoin Price Confidence

Toncoin has secured a collaboration with the UAE government that enables long-term holders to qualify for a 10-year Golden Visa. According to official updates, participants must stake $100,000 worth of TON for three years.

Notably, Investors who qualify receive a UAE residency that is also granted to close family members. Additionally, there is an extra government processing fee of $35,000.

Consequently, on-chain trends have already been affected by the announcement. The news has reportedly caused an increase in the accumulation of whales, and wallet activity suggests an increase in long-term holders.

According to analysts, adding a new geopolitical incentive to staking could promote migration-capitalization investors, but also crypto-native capital to transition to TON.

The offering established Toncoin as a residency-based blockchain token that offers benefits and may generate a new demand beyond conventional trading cycles.

Derivatives Metrics Reflect Shift Toward Bullish Positioning

Apart from the Toncoin price, derivative trading has also grown critically over the last 24 hours. The futures volume increased by 1981% to $1.44 billion, and open interest rose by 28% to the extent of $266 million.

These developments indicate an active speculative demand, especially as traders and investors reacted to the UAE announcement.

The long/short ratio among exchanges was also slightly biased towards longs. Binance had a rate of 1.2999, and OKX was 1.78, as it is ranked higher on the chances of moving upwards. The long/short ratio among leading Binance traders was 1.5672.

Moreover, liquidation data is also seen to further support this transition of positions. During the last 12 hours, liquidations totaled 1.10 million dollars, including 632.73K on longs and 469.01K on shorts.

The data is an indicator of greater market action and readiness to use leverage as the price reaches major zones.

Furthermore, wallet activity has continued to reflect strong holding behavior around Toncoin’s lower support region. This matched the pattern seen before previous upside moves.

Long-term addresses have increased their balance sizes, and exchange outflows are also up, suggesting that holders may be moving TON into cold storage or staking contracts.

Analysts Track Key Resistance Before $4.70 Target

More so, technical analysts have begun outlining potential breakout scenarios. A recent chart from Lennaert Snyder placed Toncoin price within a clear trading range, where the price has consistently rebounded from the $2.60–$2.80 support zone.

Notably, the chart has revealed a middle-range resistance at around $3.20 and a higher one at $3.80. When Toncoin price closes above this range, Snyder predicted a bullish run to $4.70.

Additionally, the configuration was confirmed by the stable price dynamics in the range and the fact that higher lows were observed in a daily chart. The analyst predicted a multi-stage breakout with limited consolidations.

However, the TON price’s Key resistance at $3.40 and $3.80 will need to be cleared for further upward continuation. Snyder’s chart outlines the potential for TON to reach $5.80 if momentum extends beyond the initial target.

At the time of writing, Toncoin price traded at $2.82, up over 3% in 24 hours. The price surged from $2.74 to a peak of $3.05 before retracing slightly. A 938% rise in volume to $798 million confirmed strong buying interest and possible bullish continuation.

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