Toncoin: Telegram's Native Cryptocurrency Soars as Ex-Visa Exec Joins TON Foundation

TON's remarkable price action featured extraordinary trading volume - approximately 10x the period's average during peak hours, with strong support forming at $2.97-$2.98 and new resistance established at $3.27.

The most dramatic movement occurred in a two-minute window when TON skyrocketed from $3.18 to $3.29, accompanied by volume exceeding 2.1M in a single minute, demonstrating powerful buying momentum despite some late profit-taking.

Technical Analysis Highlights

• Price consolidation pattern between $2.97-$3.04 for most of the period before breaking out.
• Strong support formed at $2.97-$2.98 with multiple tests throughout the period.
• New resistance established at $3.27, suggesting potential for continued upward momentum.
• Extraordinary volume spike with 19.7M and 15.4M in consecutive hours, approximately 10x the period's average.
• Clear ascending channel formed with higher lows on the hourly chart.
• Most dramatic price action occurred between 10:53-10:55, with TON skyrocketing from $3.18 to $3.29.
• Single-minute volume exceeded 2.1M—nearly 20x the average minute volume for the period.
• Some profit-taking emerged in the final minutes as price retraced to $3.27.

External References

• "TON Foundation hires former Visa executive to lead payments strategy", Cointelegraph, published May 28, 2025.