Telegram Takes Charge of TON Network, Toncoin Rallies 7.5%
- Telegram Takes Charge of TON: Pavel Durov announced that Telegram will lead the development of The Open Network (TON) and serve as its largest validator, with an investment of approximately 2.2 million TON (around $2.88 million), significantly increasing its involvement in product development and technical deployment.
- Transaction Fees Plummet: Transaction fees on TON have dropped nearly sixfold, approaching zero, which is expected to bolster the infrastructure for microtransactions and high-frequency activities, thereby enhancing user experience and attracting more users to the Telegram ecosystem.
- Catchain 2.0 Upgrade: The Catchain 2.0 upgrade has reduced block production times from 2.5 seconds to just 400 milliseconds, greatly improving the performance of Telegram Mini Apps and payment systems, with user response times now rivaling traditional mobile applications at 30-100 milliseconds.
- Rapid User Growth: The number of wallets in the TON ecosystem has skyrocketed from 2.9 million to over 32 million, indicating a significant increase in user activity, while analysts note that Toncoin must hold above $1.50 to maintain upward momentum, with $1.35 serving as a crucial support level.
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Technical Analysis for TON
Technical Sentiment Analysis for Toncoin (TON). As of , Toncoin (TON) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Toncoin (TON) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.291 | 0.498 | 1.009 | 1.798 | 2.309 | 3.098 | 3.609 |
| Fibonacci | 0.498 | 0.994 | 1.301 | 1.798 | 2.294 | 2.601 | 3.098 |
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