This article provides an overview of Toncoin's current price as well as market analysis and technical forecasts after recent fluctuations.
Current Price and Trading Volume of Toncoin
Currently, Toncoin (TON) is trading at $2.81, showing small gains with a 24-hour price increase of 1.5%. The 24-hour trading volume is $140.32 million, and the market capitalization is $6.96 billion, indicating moderate investor interest.
Market Status and Expert Comments
Despite recent challenges following the UAE authorities' denial of residency eligibility for crypto investors, Toncoin's price has managed to maintain stability. The TON Foundation's efforts to clarify the situation helped prevent further price declines. However, many investors feel misled. Experts note that TON is in a tight competition between buyers and sellers, with neither side gaining full control. Analyst Ali Martinez suggested that a breakthrough at the $2.88 resistance level is necessary for buyers.
Technical Analysis and Forecasts for Toncoin
The TON price chart shows significant selling pressure following its peak at $8.33 in early 2024. As of July 2025, there has been a price decline that has erased over 65% of previous gains. However, the current price is forming a descending triangle pattern, which may lead to strong breakouts under favorable conditions. If the bears lose control, we could see the TON price retest the $5 mark in the short term.
The current market situation for Toncoin indicates investor uncertainty, but technical analysis may provide opportunities for future growth. A breakthrough at the $2.88 level will be critical for a trend reversal.
