Toncoin Price: Why TON May Be Quietly Preparing for a Massive Bull Run

2 days ago 7

TLDR:

TON holds firm above $3.24 as 740M tokens are accumulated by 1.21M wallets.
A breakout above the descending trendline signals a bullish structure forming in the TON price.
Telegram raises $1.5B through bonds, with backing from BlackRock and Citadel.
TON’s integration with xAI hints at future AI-powered features in Telegram.

Toncoin (TON) is quietly strengthening its foundation while much of the market chases memecoins. With Telegram’s infrastructure, AI partnerships, and institutional backing, TON appears positioned for a major breakout. Investors are increasingly eyeing its blend of real-world utility, strategic hires, and expanding adoption.

On-chain metrics suggest solid support, and technical analysis indicates bullish momentum. Consequently, analysts are calling TON a serious contender in the next crypto uptrend.

TON Price Maintains Critical Support Above $3.24 Level

Cryptocurrency analyst Ali reported that Toncoin holds firm above a major demand zone at $3.24.

On-chain data from Sentora shared by Ali shows that 1.21 million wallets accumulated nearly 740 million TON tokens at this price level. This substantial buying activity suggests strong institutional and retail interest in maintaining current price levels.

#Toncoin is holding above a major demand zone at $3.24, where 1.21 million wallets scooped up nearly 740 million $TON, shows on-chain data from @SentoraHQ. This level could act as strong support! pic.twitter.com/2wkq8m4CnD

— Ali (@ali_charts) May 29, 2025

The demand zone represents a critical technical indicator for TON price movements. When large numbers of investors purchase at specific price points, these levels often act as support during market downturns.

Current data shows 90.2% of TON addresses remain profitable, indicating widespread positive sentiment among holders.

Rose Premium Signals identified a key technical development in TON’s daily chart pattern. The cryptocurrency broke above a descending trendline with strong momentum, suggesting a potential shift in market structure. This breakout occurred after an extended period of consolidation within the trendline resistance.

Technical targets following the breakout include $3.964 as the first resistance level, followed by $4.648 and $5.166. Volume confirmation remains crucial for validating the breakout’s sustainability. The retest of the breakout zone provides an opportunity for additional buyers to enter positions before potential upward movement.

Strategic Developments Drive Long-term Toncoin Outlook

Crypto analyst Patel highlighted several strategic initiatives supporting TON’s growth trajectory.

Telegram raised $1.5 billion through bond offerings rather than token sales, providing substantial development funding without diluting existing token holders. Major institutional investors, including BlackRock and Citadel participated in the bond purchase.

🚨 $TON Is Silently Prepping for a Massive Bull Run — Are You In Yet?

While the market chases memecoins, #TON is building real stuff — with real money, real users, and now even AI integration.

Here’s why TON could be the next $SOL-like sleeper 👇
▶️ $1.5 Billion Raised via… https://t.co/Rn0j2ln3r4 pic.twitter.com/DVnBoPFtHZ

— Crypto Patel (@CryptoPatel) May 29, 2025

The TON Foundation announced a partnership with xAI, Elon Musk’s artificial intelligence company behind Grok. This collaboration aims to integrate AI-powered search and interaction capabilities within Telegram’s ecosystem.

Additionally, former Visa executive Nikola Plecas joined TON as VP of Payments, bringing traditional finance expertise to cryptocurrency payment solutions.

TON price stands at $3.34 with a 24-hour trading volume exceeding $1.1 billion at press time. The cryptocurrency declined 8.81% in the past day but gained 5.59% over the previous week. The daily dip may be as a result of reports stating the partnership with Elon Musk was false.

Telegram Premium reached 15 million paid subscribers, representing a monetized user base ready for cryptocurrency integration.

Technical analysis suggests TON has established higher highs and higher lows, indicating a bullish market structure. The cryptocurrency’s connection to Telegram’s 900 million users provides a unique advantage in user adoption compared to other blockchain platforms.