- Toncoin holds strong support as analysts predict a 25% rally toward key resistance.
- Technical indicators confirm bullish momentum, signaling a potential breakout in the coming weeks.
- Telegram’s expansion fuels adoption, strengthening Toncoin’s position in the Web3 ecosystem.
Toncoin—TON, is poised for a breakout, fueled by strong fundamentals and growing market confidence. Prices have held above $3.64 for two weeks, reinforcing a solid support zone. Analysts expect a 25% rally, with key targets between $4.2 and $4.8. Technical indicators show rising momentum, pointing to an imminent move. With deep ties to Telegram and expanding adoption, Toncoin continues gaining traction as a leading player in the Web3 space.
Toncoin Prepares for a Strong Rebound
A triple-bottom pattern on the four-hour chart signals a shift in momentum. The Relative Strength Index (RSI) has climbed, suggesting renewed buying pressure. The TD Sequential indicator, known for accurately predicting trend reversals, has flashed a buy signal on the weekly chart.
Analysts believe Toncoin is completing an extended ABC correction that began in April 2024. A breakout from this phase could send prices surging toward key resistance levels. Fibonacci extensions point to a potential rally into the $4.2–$4.8 range. A decisive move past this zone could open the door for further gains.
Telegram’s Expansion Fuels Toncoin’s Growth
The strong connection between Toncoin and Telegram has played a crucial role in adoption. Total value locked (TVL) in the ecosystem has surpassed $204 million, while stablecoin supply has grown beyond $1.36 billion. Telegram’s commitment to blockchain innovation continues strengthening Toncoin’s position. By February 21, all mini-apps on the platform must migrate to the Toncoin network.
This transition could introduce decentralized finance—DeFi, to nearly 1 billion users. Investment in the ecosystem has also surged. TVM Ventures has pledged $100 million to fund emerging DeFi projects. Strategic collaborations with LayerZero and Stargate aim to enhance cross-chain functionality, expanding Toncoin’s reach.
With Telegram’s full support and increasing institutional interest, Toncoin is primed for a major rally. Analysts remain optimistic as bullish indicators align, creating the perfect conditions for a breakout. If momentum holds steady, Toncoin could be on the verge of a significant price surge.