Price Analysis

What’s Next for Toncoin Price After 50% Weekly Surge?

The renewed recovery on Toncoin price breaks above the last swing high resistance, signaling the potential of a prolonged rally.

Published by

Sahil Mahadik

Updated 18 Jul, 2025 | 07:12:27 AM UTC

What’s Next for Toncoin Price After 50% Weekly Surge?

Highlights

The Toncoin price correction rebounded from the 50% FIB level indicating the buyer remains the dominant market force in this asset.
A sharp upswing in the daily EMAs(20, 50, 100, and 200) indicates a high momentum rally in TON.
The intraday trading volume in Toncoin is $358.5 Million, indicating a 129% gain.

Defying the current market correction, the Toncoin showcased a sustainable recovery within a week with its price rallying from $3.32 to $5. This 50% surge also breached the last swing resistance of $4.58, providing the buyers with the next stepping stone to prolong this recovery. Will the TON price continue its bullish momentum or broader market correction invalidate the buyer’s attempt?

Also Read: 4 Cheap Under $1 Altcoins To DCA As Bitcoin Bleeds For 100X Potential

The Open League Sparks Toncoin Price Rally Past $5

Toncoin Price| Tradingview

Toncoin (TON), the native cryptocurrency of The Open Network ecosystem returned on a recovery trend last weekend when the price rebounded from its 50% retracement at $3.3. While the majority of major cryptocurrencies witnessed a notable correction this week, the TON price rallied and reclaimed the losses from the last retracement to hit the $5 milestone.

This bullish surge can be attributed to a recent announcement of The Open League, a major community incentive program. With plans to distribute 30 million Toncoin, valued at over $115 million, this initiative is set to reward competing projects and users within the TON ecosystem starting in April.

Amid the bullish momentum, the TON price gave a decisive breakout from $4.85 resistance with a 12.87% intraday jump. While the broader market trend is bearish, a daily candle closing above this barrier is crucial for buyers to resume forward march.

As per the Fibonacci extension tool, the Toncoin price rally may face overhead supply at $5.32, followed by the $5.85 mark.

Also Read: Analyst Says Bitcoin Price Influenced by Forces Beyond BTC ETF

Technical Indicator

Average Directional Index: The ADX slope at 36% reflects the current recovery may soon hit exhaustion and coin holders can witness minor pullbacks aimed to revive exhausted bullish momentum.
Exponential Moving Average: The fast-moving 20-day EMA slope continues to act as a dynamic support for TON price, maintaining a high momentum rally over the past four weeks.

Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by

Sahil Mahadik

Updated 18 Jul, 2025 | 07:12:27 AM

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.