TON Breaks $3 Barrier Amid Surging Volume, Riding Telegram's Growth

CN
coindesk
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5 hours ago


The Telegram-native cryptocurrency TON has broken through the psychologically significant $3 barrier, demonstrating robust momentum with exceptional trading volume nearly triple the period average.

This surge coincides with growing interest in Telegram's ecosystem as WhatsApp begins implementing advertisements, positioning TON as a beneficiary of the shift toward ad-free, crypto-integrated messaging platforms.

Despite recent volatility, TON has established strong support levels while maintaining its upward trajectory, reflecting increased institutional participation and growing adoption of Telegram's blockchain infrastructure.

Technical analysis

  • Clear uptrend formation with higher lows and higher highs, breaking through key resistance at $2.97 on exceptional volume.
  • Strong support established at $2.94, with new support level forming at $2.982 after recent volatility.
  • High-volume trading during the 8:00 hour saw over 3 million in volume, nearly triple the period average, suggesting institutional accumulation.
  • V-shaped recovery pattern formed during recent volatility with high volume spikes during both selloff (75,822 units) and recovery phases (92,561 units).
  • Successful reclaiming of the $2.995 level after correction reinforces overall bullish momentum.

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