- Toncoin price is up 4% as key metrics like volume and TVL rise.
- A breakout above the $1.50 zone could result in upside momentum.
- If broader sentiment doesn’t invalidate the outlook, the next target could be above $2.
Toncoin (TON) is showing notable resilience while many altcoins slide in a difficult crypto market. Trading near $1.37 with a roughly 4% gain over 24 hours, TON has seen a meaningful uptick in trading activity and on-chain metrics that suggest growing interest.
Trading volume has surged, and the token’s total value locked (TVL) in DeFi has risen, signaling that capital may be rotating into The Open Network’s ecosystem rather than being driven purely by speculative flows. These developments could give bulls the confidence to push toward the $2.00 region if broader market conditions remain supportive.
That said, Toncoin’s bullish case remains sensitive to overall crypto sentiment. Bitcoin’s price pressure—trading near $65,800 as macro headwinds weigh on sentiment—illustrates the downside risks that could drag altcoins lower if deleveraging or ETF outflows intensify.
Toncoin gains amid volume spike
Toncoin’s intraday move to about $1.37 bucks the broader trend that saw Bitcoin fall below $65k before a modest rebound. Several major cryptocurrencies, including Ethereum, BNB and XRP, have moved lower as risk appetite softens.
Daily trading volume for TON rose roughly 25% to about $80 million, which underscores stronger market participation. Open interest in TON derivatives has also increased to around $182 million, suggesting elevated engagement from traders.
Long positions accounted for close to 70% of the recent “rekt” value over the last 24 hours, but data indicates that more short positions were liquidated in the most recent 12-hour window, highlighting short-term volatility and position churn.
Toncoin’s TVL across DeFi protocols on The Open Network climbed to about $165 million. At the time of writing, the global DeFi TVL hovered near $204 billion and was relatively flat in the past 24 hours, while TON’s TVL rose by nearly 2%, signaling stronger relative inflows into TON-based protocols.
The stablecoin market cap on TON also expanded to approximately $941 million, with USDT representing about 79% dominance. Together, these metrics point toward capital rotation into TON’s ecosystem rather than broad-based speculative froth.
TON price prediction: Is $2 next?
On the daily chart, Toncoin sits at an important technical crossroads. Recent intraday gains have bulls testing resistance from a descending trendline that has capped upside since late 2025. A decisive breakout above this trendline could open the path toward the 50-day exponential moving average (EMA), currently near $1.48—an area that aligns with recent consolidation and a notable resistance band since December 2024.
If bulls clear that supply zone and broader market sentiment turns constructive, momentum could carry TON toward the 200-day EMA, which sits around $2.00. Confirmation of this scenario would be supported by a rising relative strength index (RSI) from neutral readings near 43 and a daily MACD that invalidates its recent bearish signal.
Conversely, persistent selling pressure in Bitcoin driven by deleveraging or ETF-related outflows could weigh on Toncoin and push prices lower. In such a downside scenario, the $1.12 support level could come into focus for traders and investors monitoring risk exposure.
In summary, Toncoin’s recent volume and TVL gains suggest renewed interest and provide a constructive backdrop for higher prices if technical resistance is overcome and macro conditions remain favorable. However, broader crypto market dynamics—especially Bitcoin’s direction—will likely determine whether TON sustains any breakout momentum toward $2.00 or reverts to lower support levels.