Key Insights:
- Toncoin’s market volume surged by 56%, showing increased interest despite the recent price decline.
- AlphaTON Capital plans to grow its TON holdings to $100 million by Q4 2025, signaling confidence in the token.
- Toncoin’s technical indicators, including an oversold RSI, suggest the possibility of a short-term rebound from the $2.60 support level.
Toncoin (TON) appears to be on the brink of a potential recovery, with fresh support emerging from a $30 million purchase by AlphaTON Capital. The substantial acquisition signals confidence in the token despite recent price declines. As of the latest data, Toncoin is trading at $2.66, marking a 4.5% drop in the past 24 hours and a 16% decline over the past week.
Despite its recent price struggles, Toncoin’s market volume surged by 56% to $170.5 million, signaling an uptick in trading activity. This increase reflects more action in the spot market, even as prices continue to fall. In the derivatives market, the token’s futures volume saw a significant rise of 48%, reaching $142 million. However, open interest decreased by 16%, indicating traders are closing their positions after facing losses.
AlphaTON Capital Expands Its Investment in Toncoin
AlphaTON Capital’s recent $30 million purchase of Toncoin marks the start of a larger investment strategy. The firm plans to increase its holdings to $100 million by the end of Q4 2025. AlphaTON has also formed strategic partnerships with notable players such as Kraken, Animoca Brands, and SkyBridge Capital. Additionally, the firm intends to participate in staking and validation to earn yield from Toncoin and support Ton-based apps within Telegram’s mini-app ecosystem.
Toncoin’s price chart currently shows it moving near the lower Bollinger Band, with the bands tightening—a common precursor to significant price movements. The key support level is at $2.60, and if this holds, a recovery could push Toncoin toward the $3.00–$3.20 range. However, if the token breaks below this support, it could slide closer to $2.40.
Source: TradingView
The Relative Strength Index (RSI) at 22 signals that Toncoin is oversold, suggesting that a short-term rebound could be in the cards. While the MACD remains negative, signaling bearish momentum, the overall technical setup is mixed, leaning toward a potential recovery.
With AlphaTON Capital’s substantial investment and the tightening of Bollinger Bands, Toncoin could be poised for a potential recovery. Market activity and technical indicators indicate that the token may find strength at the $2.60 support level, with the possibility of a rebound toward the $3.00 mark.
