Toncoin jumped 12% over the weekend, after TON foundation made the Golden Visa announcement.
Telegram’s Open Network (TON) today announced an interesting initiative: a 10-year UAE Golden Visa to investors who stake $100,000 worth of Toncoin (TON) for three years. The program dramatically lowers the entry threshold for residency in the United Arab Emirates and is the first of its kind within the crypto space. How the TON golden […]
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Stake $100K in Toncoin and pay a $35K fee for a UAE Golden Visa, says TON Foundation; community debates legitimacy and government support.
In a recent post on X, Michael Steinbach highlighted that Toncoin’s current price is at $2.80, which he considers one of the most exciting levels of the year. With momentum building, Steinbach noted that traders everywhere are now asking the same question: Is a breakout finally underway, or is a sharp sell-off just around the corner? Toncoin Locked In A Narrow Range Between $2.70 And $2.80 Analyzing the daily chart, Michael Steinbach points out that Toncoin has been locked in a tight range between $2.70 as support and $2.80 as resistance for several weeks now. He warns that jumping into the market without a clear plan is a recipe for losses, especially when others are already navigating these well-defined zones with precision. Related Reading: Toncoin Heading Toward 40% Breakout, Pattern Could Suggest He highlights the RSI sitting at 39, a relatively weak position. While it’s not yet in oversold territory, Steinbach notes that buyers may be holding off for deeper levels. Back in April, a strong rebound occurred from below 30, making the 30–32 zone a critical area to watch for potential bullish reactions. In terms of risk, Steinbach warns that a break below the $2.70 support could hand control over to the bears. If that level fails, the next downside targets to watch are $2.50 and, in a worst-case scenario, $2.00. He reminds traders that repeated tests of a support zone tend to weaken it over time, and when it finally cracks, the fallout can come fast. Whether watching for a breakout or a breakdown, having a plan is essential. Reacting after the crowd moves rarely pays off; it’s the calm, pre-planned decisions that give traders the edge when volatility strikes. Breakout Or Pullback? Define The Setup Before Entering In outlining the bullish scenario, the analyst noted that if Toncoin manages to secure a daily close above the $2.80 resistance, momentum could quickly follow through. This breakout could open the path toward $3.00, with an extended target near $3.40, representing a potential 26% gain from current levels. That’s the kind of upside savvy traders prepare for. Related Reading: Toncoin Rises 13% On Telegram’s $300 Million Deal With Elon Musk’s xAI So, what’s the key takeaway? According to the analyst, successful trading doesn’t rely on gut feeling; it requires well-defined triggers. That means either entering on a confirmed breakout above $2.80 with a stop-loss just below, or stepping back and waiting for a pullback that aligns with RSI signals. The focus should always be on minimizing risk while allowing profits room to grow. As for now, the analyst sees the trend as sideways to slightly bearish. Until the chart sends a crystal-clear signal, the best approach is patience — no FOMO trades, no blind bets, just disciplined setups. Featured image from Medium, chart from Tradingview.com
The developer said it was valued at a $1 billion valuation in an extended Series A fundraising.
The developer said it was valued at a $1 billion valuation in an extended Series A fundraising.
Volume spike and strategic buying patterns suggest strong bullish momentum as TON breaks key resistance levels.
Toncoin (TON) has been quietly building strength, defending the $2.80–$2.95 support zone with remarkable consistency. After weeks of consolidation, the recent break above a falling trendline has caught traders’ attention, hinting at a possible shift in momentum. As TON coils just above this key structure, the stage may be set for a breakout — one that could ignite fresh upside if bullish pressure continues to build. Buyers Defend Key Levels On The Chart In a recent post on X, Alts King pointed out that TON is showing notable strength as it continues to hold above the $2.80–$2.95 support zone. This range has acted as a reliable floor for several weeks, with buyers consistently stepping in to defend it. Related Reading: TON Bullish Pattern Signals Breakout Ahead — 40% Rally Loading? Furthermore, Alts King further observed that a falling trendline, which has long constrained TON’s price action, has now been broken. This technical breakout could mark the early stages of a trend reversal, opening the door for a more sustained bullish move. Looking forward, Alts King believes that if the support zone continues to hold firm, TON may be setting up for a potential rally toward the $6.87 level. To validate this bullish thesis, Alts King recommends watching for the formation of higher highs and higher lows on shorter timeframes. These structural patterns are key indicators of healthy upward movement and would confirm growing confidence among market participants as TON tries to shift out of its consolidation phase. Resistance Zones That May Test TON Momentum To $6.87 As TON begins to show signs of renewed strength, its path toward the $6.87 target isn’t without resistance. One of the first major hurdles lies around $3.04, a support level turned into resistance during the last sell-off. Price action near this range has already shown hesitation in the past, making it a critical level for bulls to reclaim convincingly. Related Reading: Toncoin Open Interest Spikes 33%—Will History Repeat With A Pullback? Above that, the $4.54 level could serve as the next challenge. This zone aligns with prior swing highs and consolidations seen on the daily chart, where TON was previously rejected before resuming downward movement. Breaking through this level would require strong volume and confirmation, especially as traders may look to take profits from lower entries near the $2.80 support base. Finally, before TON can reach the anticipated $6.87 resistance, it must clear the psychological barrier around $6.00, which also coincides with a rounded top structure observed during a prior rally. This level may attract selling pressure from short-term traders aiming to lock in gains. However, only with sustained bullish momentum and the formation of higher highs can TON overcome these layers of resistance and build a real case for a breakout beyond $6.87. Featured image from Adobe Stock, chart from Tradingview.com
WhatsApp's ad testing drives users to Telegram, boosting TON's ecosystem as the cryptocurrency shows impressive 140% gains in 2024.
The cryptocurrency shows short-term signs of stabilization after a V-shaped recovery pattern emerged.
The Telegram-linked cryptocurrency broke a short-term psychological barrier with strong technical momentum.
Affluent, which will be accessed as a mini app within Telegram, has debuted as a kind of "smart bank for crypto"
Telegram’s token faces headwinds despite showing signs of potential support formation on the short-term.
An analyst has pointed out how Toncoin (TON) is currently trading inside a Triangle pattern that could potentially set the stage up for a 40% move. Toncoin Has Been Stuck Inside A Triangle On The Daily Timeframe In a new post on X, analyst Ali Martinez has talked about a pattern that Toncoin has recently been moving inside. The pattern in question is a Triangle from technical analysis (TA), which forms when an asset’s price observes consolidation between two converging trendlines. Related Reading: Bitcoin Defies Bears: Price Nears $108,000 Despite $250M Exchange Inflows The upper line of the pattern is likely to be a source of resistance in the future, while the lower one is that of support. A breakout of either of these lines can imply a continuation of the trend in that direction. There are a few different types of Triangles in TA. Three popular ones include the Ascending, Descending, and Symmetrical variations. The orientation of the trendlines relative to each other defines which type a particular triangular channel falls under. In an Ascending Triangle, the upper trendline is parallel to the time-axis. This means that as the price travels inside the pattern, its consolidation shrinks toward a net upside. The Descending Triangle involves just the opposite case; the upper line is sloped downward while the lower one is flat. The third variation, the Symmetrical Triangle, has its trendlines at a roughly equal and opposite slope. In this pattern, the price’s range tightens to a point in a sideways manner. Now, here is the chart shared by the analyst that shows the Triangle pattern that Toncoin has seemingly been trapped within during the past few months: From the graph, it’s visible that the Triangle that the 1-day price of Toncoin has been following looks similar to a Symmetrical Triangle, but it’s not a perfect one; there is a slight bias to the downside. The cryptocurrency most recently found support at the lower line and has since climbed toward the midway point between the trendlines. The coin’s price is now not too far from the apex of the pattern. Generally, breakouts become more likely as consolidation becomes tighter, so it’s possible that TON may be approaching one. According to the analyst, a breakout, if it happens, could potentially end up leading to a 40% move for Toncoin. Related Reading: Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative As for which direction a breakout might take the asset in, Symmetrical Triangles usually have both sides at equal probability. Since the Triangle in the current case is slightly angled down, however, an exit below the lower line may be a bit more likely. It now remains to be seen how Toncoin’s price will develop in the coming days and if the pattern will play any role. TON Price At the time of writing, Toncoin is trading around $3.3, up over 2% in the last seven days. Featured image from Shutterstock.com, charts from TradingView.com
Telegram's native token is showing strength on lower timeframes amid broader market volatility, establishing new technical resistance levels.
The gold-linked XAUT0 token follows the protocol's Tether-linked USDT0 that has grown to $1.3 billion in supply and available on ten DeFi-focused blockchains.
Toncoin (TON), the native token of The Open Network (TON), has climbed over 5% in the past 24 hours, signaling renewed market demand. This rebound comes on the heels of a broader market downturn that saw TON decline alongside other major cryptocurrencies late last week. Amidst these small-scale movements, crypto analyst Ali Martinez notes the altcoin appears to be preparing for a major price breakout. Related Reading: Bitcoin Price Trend Above $100,000: The Good News And The Bad News Toncoin Charts 40% Move As Triangle Hints At Breakout In an X post on May 31, Ali Martinez shares an insightful take on the TON market. Using the 4-hour trading chart, the expert analyst highlights that TON’s price movement over the past four months has created a symmetrical triangle pattern hinting at the strong potential of a major price breakout. The symmetrical triangle is a neutral chart pattern that reflects price compression due to the formation of higher lows and lower highs. Inherently, this chart pattern suggests neither the buyers or sellers are in affirmative control of the market, indicating there is much potential for a 40% price swing on either side. Currently, Toncoin trades around $3.16 following the recent price bounce. If market bulls force a breakout from the upper boundary around $3.28, the altcoin is expected to trade as high as $4.55-$4.65. Meanwhile, a breakdown at the lower boundary around $3.10 could result in a market price between $1.80-$1.90. Interestingly, TON’s relative strength index currently sits at 49.37 facing the upward direction which also suggests a neutral market while noting that bullish momentum is starting to build. A cross over 50 would provide bulls confirmation as TON makes its way to the overbought zone. Related Reading: Tron (TRX) Future Retail Activity Indicates More Gains Ahead – Analyst TON Market Overview As earlier stated, TON continues to trade at $3.16 reflecting market gains of 5.12% and 4.62% in the past one and seven days, respectively. Telegram LLC which served as initial developers of TON and offers a deep integration with the cryptocurrency project has registered a series of positive developments contributing to these recent price leaps. Most notably, Telegram founder Pavel Durov announced the platform’s partnership with xAI which would grant users in-app access to Grok, the prominent generative AI model. As part of this one year partnership, Telegram is to receive $300 million in cash and equity investment as well as earn 50% of all xAI revenue generated via the messaging platform. With a market cap of $7.79 billion, Toncoin ranks as the ninth largest cryptocurrency in the world despite a year-on-year loss of 49.98%. Featured image from Pintu Academy, chart from Tradingview
Despite the denial, Telegram CEO Pavel Durov stated that the deal has been "agreed in principle" and that "formalities are pending."
The token found critical support in the $3.22-$3.24 range.
Data shows the Toncoin (TON) Open Interest has registered a spike in the past day. Here’s what could happen next, according to historical trends. Toncoin Open Interest Has Hit Its Highest Since February In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Open Interest for Toncoin. The “Open Interest” here refers to a metric that keeps track of the total amount of perpetual futures positions related to TON (in USD) that are currently open on all derivatives platforms. When the value of this metric rises, it means the investors are opening up more positions related to the asset on the market. Generally, the total leverage in the sector goes up when new positions appear, so this kind of trend can lead to higher volatility for the cryptocurrency’s price. Related Reading: Shiba Inu Trapped Inside Triangle: 17% Move Incoming? On the other hand, the indicator going down suggests that investors are closing their own positions voluntarily or being forcibly liquidated by their exchange. Either way, the asset can behave in a more stable manner following such a trend due to the drop in leverage. Now, here is the chart shared by the analytics firm that shows the trend in the Toncoin Open Interest over the last few months: As displayed in the above graph, the Toncoin Open Interest has just seen a very sharp spike, a sign that traders have opened up a large number of futures positions. More specifically, the metric’s value has gone up from $143 million to $190 million over the last 24 hours. From the chart, it’s visible that this quick 33% jump initially came as the coin’s price witnessed a rapid increase, but interestingly, it maintained its upward trajectory even as the asset saw a pullback. “Past spikes like this have often preceded corrections – worth watching closely,” notes Glassnode. The last time the Toncoin Open Interest formed this pattern was at the end of March/start of April. What followed back then was a price drawdown of about 32%. Related Reading: Ethereum May Be One Dip Away From Mass Losses—Data Warns TON isn’t the only digital asset that has seen an uptick in speculation recently. As the analytics firm has pointed out in its latest weekly report, Bitcoin has also been observing a major rise in its Open Interest. As is visible in the chart, the Bitcoin Open Interest fell to a low of $36.8 billion in April as the cryptocurrency’s price itself went down. Since then, however, the indicator has shot up by 51% alongside the bull rally, reaching the $55.6 billion mark. The report explains that this suggests “a build up of leverage is underway.” TON Price At the time of writing, Toncoin is trading around $3.34, up more than 11% in the last 24 hours. Featured image from iStock.com, Glassnode.com, chart from TradingView.com
PLUS: BlueSky's Jay Graber says decentralization has a place in her growing social network, but not blockchain or crypto. Trump administration goes to court over trade dispute.
"No deal was signed" said Musk, the xAI CEO, in response to an announcement earlier on Wednesday by Telegram's Pavel Durov
Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain. According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem. Ethena said: “This represents one of Ethena’s most meaningful launches to date. [Telegram] Users within [in […]
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The Open Network (TON) Foundation has partnered with Libre, a decentralized infrastructure firm specializing in real-world assets (RWAs), to introduce a $500 million tokenized bond fund tied to Telegram. An April 30 statement stated that the Telegram Bond Fund (TBF) will offer blockchain-based access to institutional-grade yield opportunities. The TBF signals TON’s official entry into […]
The post Ton Foundation launches $500M Telegram RWA bond fund with Libre appeared first on CryptoSlate.
Libre’s Telegram Bond Fund ($TBF) will offer accredited investors institutional-grade yield products that will also be available as collateral for on-chain borrowing and product development on TON,
The appointment follows Manuel Stotz becoming the president of the foundation's board.
Toncoin (TON) is starting to make waves again, showing signs of renewed strength after successfully breaking out of a long-standing descending channel on the daily chart. This breakout marks a pivotal moment for the token, potentially signaling the end of the recent downtrend and hinting at the early stages of a fresh uptrend. As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment. A Potential Uptrend In The Making According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Profit Demon noted that TON had previously faced a sharp correction. However, the latest price action indicates a recovery, with Toncoin finding solid support at a key level. This level now serves as a critical foundation, offering the potential for a new upward move. He further emphasized that if the bullish momentum continues to grow, TON could target several key resistance levels. With the current market sentiment favoring a recovery, Toncoin’s price may rise toward the $4.10 level. A successful breakout above this mark would solidify the bullish trend, propelling it to the $4.90 and $5.60 marks. Can Toncoin Sustain Current Trends and Trigger A Rally? For TON to sustain its rally, the Relative Strength Index (RSI) plays a key role. The RSI should stay within the optimal range of 40 to 70, avoiding overbought conditions above 70. If the RSI remains above 50 and outside overbought territory, Toncoin will have room for further appreciation. A breakout above key resistance levels while keeping the RSI in this range would strengthen the bullish case. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound The Moving Average Convergence Divergence (MACD) is another critical indicator to monitor. Currently, the MACD has shown signs of bullish divergence, suggesting that momentum is shifting in favor of the bulls. For the rally to continue, the MACD line should remain above the signal line, confirming that buying pressure outweighs selling pressure. Lastly, volume analysis is essential in confirming the strength of the price movement. A rally supported by increasing volume signals that the trend is backed by real demand and a temporary spike. To sustain an upward movement, trading volume must rise as TON breaks through resistance levels. Higher volume indicates genuine interest from traders, which strengthens the trend, while lower volume may suggest a lack of conviction, limiting the rally’s longevity. Featured image from Medium, chart from Tradingview.com
Toncoin rally has hit a roadblock, with the price slipping 12% after failing to breach the key $4.34 resistance level. The strong upward momentum that previously fueled TON’s gains lost steam as sellers aggressively defended this price zone, triggering a wave of profit-taking and increased bearish pressure. With momentum cooling off, market participants are now watching key support levels to see if bulls can regain control. A decisive hold above crucial zones could set the stage for another breakout attempt, while continued weakness might expose Toncoin to further downside. 12% Correction: Understanding The Price Drop Toncoin’s recent 12% correction following its failure to break through the $4.34 resistance level has raised concerns among traders and investors. To understand this price drop, it’s essential to examine the factors at play. A correction of this magnitude typically reflects a shift in market sentiment, often driven by profit-taking, a rejection at key resistance levels, or an overall weakening of bullish momentum. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge After a failed breakout attempt at $4.34, the market faced a pullback, where the price retreated as sellers gained control. This is a natural response in the market when an asset struggles to sustain momentum after reaching a significant barrier. The 12% drop suggests that some traders may have begun to lock in profits after the recent rally, while others opted to exit positions as the price failed to move higher. Additionally, broader market conditions and technical indicators have likely contributed to Toncoin’s recent 12% correction. In tandem with this, the Moving Average Convergence Divergence (MACD) indicator has shifted into a bearish crossover. The MACD’s bearish signal, coupled with the fading market sentiment, suggests that bullish pressure is weakening, which likely fueled the selling activity. Such a correction is not unusual in volatile markets like cryptocurrency and is often viewed as a natural market reset. However, it signals a loss of immediate bullish momentum, with the price now testing the $2.36 support level. This level should be closely monitored as it will determine whether Toncoin can stabilize or if a further downside is likely. What’s Next For Toncoin? Potential Scenarios Post-Correction After Toncoin’s 12% correction, the key question is what lies ahead for the cryptocurrency. The price has faced a strong rejection at the $4.34 resistance level, and now, as it approaches critical support levels, several scenarios could unfold. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle If Toncoin holds its ground before or at the $2.36 support level, it could signal a potential rebound, with the price stabilizing and setting up for another push toward the $4.34 resistance. On the other hand, if the $2.36 support fails to hold, Toncoin could face a further downside, resulting in the creation of new lows. In this scenario, the market sentiment would need to shift, and Toncoin would have to demonstrate resilience to regain upward momentum. Featured image from Adobe Stock, chart from Tradingview.com
Toncoin's price rollercoaster continues as institutional investors maintain significant holdings despite recent turbulence.
Toncoin (TON) has been steadily climbing since facing a rebound at $2.36, reinforcing a bullish outlook and reflecting increasing investor confidence. Unlike volatile price swings seen in other assets, TON’s consistent rise signals strong underlying demand and market stability. The cryptocurrency has successfully held key support levels, preventing major pullbacks and allowing buyers to take control of the trend. With momentum building, market participants are closely monitoring resistance levels that could determine the next phase of TON’s price action. Should buying pressure continue to increase, the cryptocurrency could be poised for further gains, potentially testing higher resistance zones. Can Toncoin Sustain Its Renewed Upswing? Toncoin recent price resurgence has strengthened bullish sentiment, but the sustainability of this uptrend remains a critical focus. The cryptocurrency has managed to establish solid footing above the $2.36 key support level. However, maintaining this momentum will depend on several technical and market factors. Related Reading: TON Price Jumps 20% Following Positive News On Telegram Founder The cryptocurrency is currently maintaining its upward momentum as it approaches the $4.34 resistance level and the 100-day Simple Moving Average (SMA). This steady climb indicates growing bullish strength, with buyers continuing to push the price higher despite potential resistance. A decisive breakout above the $4.34 resistance level could strengthen the ongoing uptrend, setting the stage for Toncoin toward the $6.13 resistance mark. If buying momentum remains strong and the price clears this key level, it could open the door for a potential test of its all-time high of $7.29. Technical indicators such as the MACD suggest that momentum remains in favor of the bulls, but increasing resistance pressure might lead to volatility. Sustained buying pressure will confirm the uptrend and push the price beyond these critical technical barriers. Volume analysis further reinforces Toncoin’s upward momentum, with trading volume increasing by over 10%, indicating strong market participation. Should volume continue to rise alongside price movement, it could validate the strength of the uptrend and enhance the likelihood of further gains. Potential Downside Risk If Toncoin faces rejection at a key resistance level, monitoring critical support zones will be essential to assess the strength of its uptrend. The first major support level to watch is around $2.36, where buyers previously showed interest. A dip to this level is likely to attract fresh demand and stabilize the price. Related Reading: Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building A breakdown below this level could indicate a shift in momentum, accelerating selling pressure and leading to a deeper decline. If buyers fail to defend critical support zones, the price may struggle to recover, increasing the risk of establishing new lows. Featured image from LinkedIn, chart from Tradingview.com