The post Toncoin Breaks $3.35 Resistance: Is $4.00 the Next Stop? appeared first on Coinpedia Fintech News
The TON Foundation is making strategic strides to position The Open Network as a major force in global crypto payments. With the appointment of Nikola Plecas, a former Visa executive, as VP of Payments, TON aims to scale its infrastructure to meet the demands of Telegram’s massive billion-user base. Nikola’s experience in crypto product development at Visa adds considerable strength to TON’s global ambitions.
That’s not all, TON has continued to push forward on the technical and adoption fronts. Integrations with Ethena’s USDe and tsUSDe stablecoins, along with strategic collaborations with Tether via LayerZero, are reinforcing its utility within Telegram. With a vision to bridge 100+ blockchains, including Ethereum, Tron, and Solana, the market is keenly watching where TON’s price heads next. And this TON price analysis is a must-read for short-term trends.
Toncoin Price Analysis
TON price is showing strong signs of bullish momentum as it recently broke through the $3.35 resistance zone, closing the day at $3.40 with a sharp 14.01% gain. The market cap has also surged to $8.47 billion, backed by a 200% rise in 24-hour trading volume to $426.11 million.
On the chart, TON is trading within a descending wedge pattern, typically an indicator of a bullish reversal. As the price compresses toward the apex of the wedge, buyers have begun to challenge the downtrend. A sustained move above the $3.35–$3.40 zone would confirm the breakout, targeting the $4.00 level in the near term. On the downside, TON could plunge to $
Read our Toncoin (TON) Price Prediction 2025, 2026-2030 for long-term price targets!
FAQs
TON’s price is being driven by both strong fundamentals, like the onboarding of a former Visa executive, and a bullish technical setup.
Based on the technical breakout and increased market interest, the next major resistance and price target is $4.00.
TON’s strong technical breakout, institutional support, and expanding utility within Telegram suggest bullish potential.