Toncoin (TON) has been demonstrating resilience despite a broad crypto market downturn. While many major tokens are experiencing declines, TON has managed to hold steady around $3.30, keeping hopes alive for a potential breakout toward the $4 mark.
Recent trading data shows Toncoin (TON/USDT) moving within a range of $3.30 to $3.75, with daily trading volumes around $18.78 million USDT. This steady activity indicates sustained buying interest from investors and traders alike, reinforcing confidence in the token’s short-term prospects.
Toncoin Price Chart Highlights Recovery
Toncoin’s journey back from lows of $2.60 in late June has attracted attention. The consistent upward trend over the past weeks signals renewed confidence among traders. Chart patterns suggest that if TON breaks through today’s resistance at $3.75, the token could make a swift run at the psychological $4 level.
Toncoin (TON/USD) traders are eyeing a bullish move with layered buy entries between $3.49–$3.36, a stop loss at $3.26, and a breakout target of $4.00. Source: The-Thief on TradingView
Technical indicators also point to a cautious but optimistic scenario. Green candle formations and increasing trading activity suggest bullish sentiment, although investors are advised to monitor consolidation zones carefully.
Adoption Could Drive Long-Term Gains
Aside from near-term price action, Toncoin integration into the Telegram network remains a strong growth catalyst. Unlike other blockchain networks, TON natively resides within the messaging app, where users can subscribe to Telegram Premium and support creators of content. With over 900 million Telegram users worldwide, an increasing adoption rate could quite strongly enhance Toncoin demand.
Toncoin (TON) is holding strong at $3.71, defying the broader market decline and keeping momentum alive for a potential breakout above the key $4 level this August. Source: Crypto Alex on CoinMarketCap
As highlighted in a recent analysis, “A hike in decentralized apps on the network, more active staking services, and steady adoption could drive Toncoin’s price toward $10 in 2025.” The same report suggested that Toncoin could reach $50 by 2030 if it becomes a key player in Web3 and blockchain integration within messaging platforms.
Market Metrics: Support and Resistance
On-chain metrics provide a mixed picture. The number of Toncoin holders is increasing steadily, standing at roughly 37,000 at present. However, this figure is still far below the total Telegram user base, indicating significant room for growth.
Toncoin was trading at around $3.30, down -4.27% in the last 24 hours at press time. Source: Brave New Coin
Meanwhile, the mean coinage has remained largely flat since late June, suggesting limited accumulation. The MVRV ratio is barely positive, pointing to cautious investor sentiment in recent weeks. Analysts note that the swing high of $4.20 must first be converted into support before Toncoin can resume a strong uptrend on higher timeframes.
What the Future Holds for Toncoin
Despite the recent reversals, Toncoin is strong and thus a watchlist token within the next few months. Present consolidation and technical support at $3.30 only suggest that it is likely to get to $4, provided adoption and trading flows persist.
Investors willing to buy Toncoin or see its current value can refer to the Toncoin price today on CoinMarketCap or check the Toncoin to USD exchange rates for the latest price. Investors willing to keep their assets safe can explore a safe Toncoin wallet to store and stake their tokens securely.
Overall, Toncoin’s market power, Telegram integration, and adoption growth prospects keep bullish opportunities. While short-term technical signals warn of caution, long-term Toncoin prospects are optimistic, particularly as it appears among the leading social network-backed blockchain tokens.
Source: https://bravenewcoin.com/insights/toncoin-ton-price-prediction-toncoin-defends-3-30-support-keeps-4-breakout-hope-alive