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.
Bitcoin – Examining the odds of a weekend rally for BTC’s price
2 hour ago
Texas governor signs bill to protect state Bitcoin reserve as a permanent fund if established
2 hour ago
12,385,936 SHIB Destroyed in 24 Hours, What's Next for SHIB Price?
2 hour ago
Tokens Across Major Blockchain Ecosystems Show Strong Weekly Gains in June 2025
3 hour ago
Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again
3 hour ago
Ripple Mints 13 Million RLUSD As Market Cap Nears $500M Milestone
3 hour ago