After an unstable year under legal scrutiny and market volatility, Toncoin entered 2025 at a crucial point with new investor backing and signs of a technical breakout. The native token of the free network, Toncoin ($TON), has exhibited high price fluctuations over the past year, following key legal and ecosystem growth.
Telegram’s creators developed the TON, a decentralized Layer-1 blockchain, and it was launched in 2018; its main network started operating in May 2021. After the launch of Toncoin gained over 800% in value, the regulatory issues and challenges in its surroundings affected its recent performance.
Legal Issues and Airdrop Controversies Impact Toncoin’s Price
The second half of 2024 was tough for Toncoin because Pavel Durov experienced legal issues in France, which affected its price. On top of that, there was a negative reaction to the Hamster Kombat and NotPixel airdrops.
In the last year, TON blockchain still ranked among the top-performing networks in the sector. On March 17, Toncoin’s price surged by 20% after Durov was allowed to go back to Dubai, giving hope for a possible recovery for $TON. The bounce back of $TON helped restore investor certainty in the project’s long-term path.
Venture Capital Firms Invest in $TON Development
In December 2024, OKX Ventures, the investment branch of crypto exchange OKX, revealed a $5 million investment in TON Ventures. This investment fund supports apps that are built on TON’s blockchain infrastructure and are connected to Telegram.
The fund mainly aims to attract skilled developers to grow the TON ecosystem. According to recent reports, it reveals that venture capital firms together own more than $400 million in $TON.
Firms like Sequoia, Ribbit, Benchmark, and SkyBridge have invested a lot of money, indicating that they are interested in the project for the long term. With the increasing number of users, TON decided to continue to draw interest from investors.
Toncoin ($TON) Technical Analysis: Approaching Critical Support Levels
After the June peak, Toncoin has lost around half of its value, dropping about 55% from its all-time peak of $8.24. At the time of writing, $TON trades at $3.671, down 8.35% on the day.
Although there have been recent losses, the charts clearly show a possible breakout from a downward trend, with an inverse Head and Shoulders (H&S) pattern forming, which is generally viewed as a signal of a price increase.
The trading volume has increased by 18%, showing some market activity, but the overall trend remains uncertain.
The Relative Strength Index (RSI) sits at 58.37, close to indicating a surge in the price, but it’s not yet in a situation where the asset is considered overbought.
The key support levels to observe are between $3.50 and $4.00.
A breakdown under these levels could cause prices to fall.
If Toncoin ($TON) stays above the $4.00–$4.50 range, which matches the neckline of the inverse Head and Shoulders pattern, it could confirm the price change and possible target of $5.00–$5.50. A move under $3.00 would confirm the extended bearish trend.
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