Toncoin (TON) is on the rise, showing steady gains in recent trading. In the past 24 hours, the token has climbed nearly 2.66%. Over the past week, it posted a 3.27% increase, reflecting growing momentum and investor interest.
Currently, the token is trading at $1.65, with a 24-hour trading volume of $92.03 million, down 12.06% compared to the previous day. Its market capitalization sits at $4.04 billion, up 2.66%, indicating sustained confidence in the token’s value despite short-term dips in trading activity.
Also Read: Toncoin (TON) Surge Alert: 29% Rally Expected
The token has been trending upward since mid-2022, reaching its peak around $15 in mid-2024. After a sharp correction of about 82.66%, the price dropped to $1.616. The uptrend line broke in late 2025, and a descending triangle formed, showing bearish pressure. The price recently hit strong support between $1.40 and $1.60, which is holding for now.
The $1.40–$1.60 zone acts as key support where buyers have stepped in before. Breaking below this could push the price lower. Resistance levels are at $3.55, $6.87, and $15. Weekly candles show buyers pushing back at support. A breakout above the descending trendline could confirm a reversal, opening the path to $3.55, $6.87, and ultimately $15.
If the token reverses at the support level, it will be able to reach around 936% to $15. But if the $1.40-$1.60 support level is broken, it may face deeper drops, without specific levels defined. Traders need to patiently wait for confirmation. This is because the bearish trend will keep going, but a strong turnaround is also possible.
According to the data from DeFiLlama, the token is ranked at the #2 level for the revenue that on-chain applications have reportedly generated within the last 24 hours. It has managed to surpass Hyperliquid and Ethereum.
The network continues to reduce the gap with Solana, and the momentum it demonstrates in terms of transaction volume and growth cannot go unnoticed. This is because the growth of TON is a clear indication that the token is emerging as a major force when it comes to on-chain revenue.
Also Read: Toncoin (TON) Surge Predicted: 28% Powerful Rebound Ahead


