TON Token Rebranded to Gram, Boosting Market Response
- Token Renaming: Pavel Durov announced that TON's native token will revert to its original name, Gram, restoring its identity as defined in the initial TON white paper, with the rebranding process expected to take three weeks and no token swap required, ensuring user balances and network activity remain unchanged.
- Strong Market Response: Following Durov's announcement, the price of TON surged by 18.75% within 24 hours to $2.19, indicating a rapid response from traders to the return of the Gram identity and Telegram's increasing significance in the ecosystem.
- Historical Brand Return: The name Gram carries a long history within Telegram's blockchain project, initially introduced in 2020 before facing legal challenges from the U.S. SEC; this renaming signifies a return to early plans, enhancing brand recognition and trust.
- Ecosystem Enhancement: As Telegram intensifies its involvement with TON-linked products and infrastructure, Durov described the rebranding as part of a campaign called “Make TON Great Again,” which includes reduced network fees and infrastructure updates to strengthen the connection with Telegram's large user base.
Get Real-Time Alerts for Any Crypto Movement
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 3 technical signals, shows that 2 indicators are flashing buy, while 1 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 | 1.04 | 1.369 | 1.625 | 1.954 | 2.21 | 2.538 | 2.795 |
| Fibonacci | 1.369 | 1.592 | 1.73 | 1.954 | 2.177 | 2.315 | 2.538 |
About TON
About the author
