The Open Network (TON) has emerged as a top contender in the highly anticipated 2025 crypto altseason. Toncoin (TON), a large-cap altcoin with a fully diluted valuation of about $16 billion and a 24-hour average trading volume of around $114 million, has experienced low bearish sentiment in the recent past, signaling a potential momentum shift.
The vast integration of the TON ecosystem with the Telegram messaging platform has helped attract new customers. Furthermore, TON price has depicted extremely small price correlation with Bitcoin (BTC) price action, thus acting as a reliable alternative altcoin.
Most importantly, only 20 percent of TON coin holders are currently in profit signaling a high chance of bullish sentiment ahead.
YTD, TON price has been trapped in a falling logarithmic trend, but the bottom has likely happened. In the daily timeframe, TON price has been forming a potential reversal pattern, characterized by double bottom coupled by a rising divergence of the Relative Strength Index (RSI).
Additionally, the daily MACD indicator has signaled bullish sentiment, especially after crossing above the zero line again.
In case of further bullish sentiment, TON price is well positioned to rally towards the next liquidity range between $4.6 and $7.2. However, TON price must consistently close above the daily logarithmic trend to invalidate further market correction.
The Open Network has grown to a robust blockchain ecosystem with more than 400 node validators who have over 700k staked assets. As of this writing the TON network had a total value locked of about $138 million and a stablecoins market cap of about $1 billion.
The TON network is expected to grow exponentially in the coming months, backed by top-tier web3 venture capitals and global liquidity expansion.
The Bancor Protocol seeks compensation from Uniswap Labs for using its licensed technology for the…
Riot Platforms tapped on its Bitcoin holdings to secure and upsize the credit facility. Bitcoin…
The trending blend of cryptocurrency, gaming, and social media is witnessing the rise of innovative…
Solana (SOL) remains strong at around $183-$185, rallying 92% from its yearly low of $95.16.…
Have you ever asked yourself, “What if I could turn $5,000 into $5 million in…
In a sea of speculative tokens and empty promises, Wall Street Ponke is quickly capturing the spotlight…
