Toncoin (TON) is getting close to a key resistance level, and that has traders wondering, will it break out or pull back? Right now, TON is priced at $3.89, up about 1.5% in the last 24 hours. Trading volume has jumped nearly 50%, which shows there’s definitely more eyes on it than usual.
Top analyst Crypto Patel shared an analysis on X (formerly Twitter) suggesting that TON price is nearing the upper limit of a descending trendline, which has acted as resistance since mid-2024.
The token is up 27% from a prior accumulation level of around $3.20. Patel notes the presence of a Fair Value Gap (FVG) between $3.33 and $2.95, which may offer a high-probability entry if revisited. Support remains strong at $2.50, a level that has acted as a demand zone and confirmed structural integrity through previous retests.
What you'll learn 👉
Toncoin Price Action and Technical Setup
On the weekly chart, TON is trading just below the resistance range of $4.15 to $4.50. This area aligns with a multi-month descending trendline. If the TON price breaks above this zone, analysts foresee a potential mid-term rally toward the $7.00–$10.00 range. The structure mirrors a previous breakout and retest pattern that led to a sharp move upward in early 2024.
The token’s long-term accumulation range appears to be between $2.50 and $3.50. Buyers have previously stepped in at these levels, creating a solid base that supports bullish momentum. If Toncoin price fails to break resistance in the near term, the FVG zone could be tested before any continuation higher.
TON On-Chain Data and Ecosystem Growth
On-chain analyst Hitesh Malviya notes on X that TON’s daily active wallets have reached approximately 130,000, while the total number exceeds 41 million. Despite limited growth in traditional metrics, the ecosystem is expanding through monetization layers integrated within the Telegram platform.
Initiatives include NFT marketplaces, a usernames trading system, and games that reward users in TON. New features such as trading Telegram stickers aim to increase user engagement and platform liquidity. These developments reflect a shift toward incentivizing user activity by tokenizing existing social features.
$TON is forming an uptrend right now while the whole market is going down.
— hitesh.eth (@hmalviya9) March 31, 2025
I didn't find any significant growth metrics on the fundamental side, but one thing we should all consider is that TON has over 41M onchain wallets, and they are growing that wallet base every day.… pic.twitter.com/IdFL1qTQEl
Moreover, while the broader crypto market shows mixed signals, TON price is forming an uptrend. Its relative strength may attract both retail and institutional attention. The next few sessions could determine whether the token continues its upward path or retests previous support.
Investors are watching closely as TON approaches a technical turning point. Future price action will likely depend on whether it can sustain its current momentum and break past overhead resistance.
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