Toncoin has temporarily dropped to a key support level, suggesting a potential short-term recovery, while Verb Technology makes investments in TON.
Toncoin and Key Support Zone
Currently, Toncoin (TON) is trading around $3.19, down about 5% over the past day and roughly 7% weekly. The token recently pulled back from the $3.70 level and is now moving into a support range between $3.30 and $3.20. This zone has acted as a base for past price movements. Analyst Naveed notes that the current dip aligns with a key demand area. If the price holds, a short-term recovery could follow.
Indicators Show Early Signs of Support
The 4-hour chart shows a previous break in structure near $3.45. The asset is now below this level but still within range to reclaim it. The MACD shows that the blue line remains under the orange signal line, and the histogram indicates the selling pressure may be slowing. The RSI sits at 33, close to oversold territory, indicating that buyers might begin to re-enter the market.
Verb Technology Shifts Focus to Toncoin
Verb Technology, known for its video technology and AI services, is rebranding to TON Strategy Co. (TSC). The company has secured $558 million through a private placement of 58.7 million shares at $9.51 each. This funding is allocated to build a reserve primarily made up of Toncoin, with the deal expected to close by August 7, 2025.
Toncoin remains at the forefront, considering its recent drop and the influx of investments, which could influence its future dynamics.
