Toncoin Breaks Key Trendline: Is a Run to $5 Next?

$TON is consolidating near $3 after breaking a key trendline, hinting at a trend reversal.
A move past $3 could open the door to $5 if support stays intact.
Telegram-driven adoption and NFT traction are adding fuel to Toncoin’s long-term story.

Toncoin

Toncoin ($TON) is the native cryptocurrency of The Open Network (TON), a scalable blockchain designed to support payments, smart contracts, and dApps. Built with a multi-layered architecture and high throughput, TON tackles blockchain speed and scalability challenges while staying community-driven.

Price Action

$TON is currently trading around $2.95 with a market cap of $7.27 billion. Over the past year, the token faced heavy downward pressure, sliding from a high near $8 to its current yearly lows. However, recent price action suggests stabilization, with the token establishing a firm support base.

Credit: CoinGecko

Price Predictions

$TON is currently consolidating within the $2.90–$3.00 zone, with $3 acting as a strong resistance barrier. Looking ahead, analysts note that a key falling trendline was recently broken, signaling the potential start of a trend reversal. If support holds, $TON could gear up for a bullish breakout, with short-term targets eyed around the $5 level.

Market Sentiment and Developments

Market sentiment around Toncoin remains mixed. On the bullish side, Telegram-native NFTs and sticker integrations are gaining traction, with major Web3 projects like BAYC launching exclusive drops on the platform. However, broader market sell-offs and persistent global uncertainty continue to weigh on trader confidence.