Why TON Could Rise Above $10 in 2025?
Amid the ongoing crypto correction driven by Bitcoin (BTC) price falling below $94,000, Toncoin (TON) price has retested a crucial support level around $4.8, which was established in the past eight months. The large-cap altcoin, with a fully diluted value of around $27.6 billion and an average 24-hour trading volume of around $285 million, is forming a potential bullish continuation pattern.
On the weekly timeframe, TON price is forming a symmetrical descending triangle pattern, with the Relative Strength Index (RSI) consecutively bouncing off the 50 percent level. Moreover, TON price has successfully rebounded from the weekly 50-period simple moving average (SMA), indicating a potential recovery in the near term.
Toncoin Recovery in 2025
The Toncoin network has grown into a robust web3 ecosystem powered by Telegram mini-apps in the recent past. Indeed, the TON blockchain has generated over $1 billion in stablecoins, less than a year since the integration of USDT with Tether. Through dozens of DeFi projects, the TON project has grown to over $247 million in total value locked #BinanceAlphaAlert(TVL).
According to on-chain data analysis by IntoTheBlock
#BinanceAlphaAlert
