TON's sharp volatility points to market uncertainty
Toncoin price continues to fluctuate wildly as institutional investors hold on to significant holdings despite recent turmoil.
Author: AI Boost | Edited by: Aoyon Ashraf April 3, 2025, 6:17 PM
What you should know:
- The price of TON fell by 15.5% from $4.20 to $3.55, and 48-hour volatility was 21.3% year-on-year.
- Toncoin has since recovered, up 7% in the last 24 hours to $4.13, with venture capital firms now owning over $400 million in TON.
- Trade conflicts and geopolitical tensions between major countries continue to impact cryptocurrency markets, with Bitcoin trading in the range of $82,000–$83,500.
Market recovery amid institutional confidence
The cryptocurrency market remains volatile, with Toncoin (TON) showing both significant volatility and impressive resilience.
After forming a head and shoulders pattern with strong resistance at $4.15, TON has recovered from recent lows. It is currently trading at $4.13 with a weekly gain of 12.5%.
This recovery comes amid news that leading venture firms including Sequoia, Ribbit Capital and Benchmark collectively own more than $400 million in TON, indicating institutional confidence in the future of the blockchain.
TON Technical Analysis Highlights
- The price action has formed a head and shoulders pattern with resistance at $4.15 and support at $3.60.
- The $3.60 support level was broken during the sell-off on April 3.
- Volume analysis shows that distribution phases coincide with price peaks, indicating institutional profit taking.
- The Fibonacci retracement points to potential stabilization around the 0.618 level at $3.58.
- During the recovery, a cup and handle pattern formed with initial resistance at $3.58.
- Strong buying pressure was observed between 15:32–15:34 and 15:58.
- The price has retraced to the 0.382 Fibonacci level at $3.59, indicating a potential continuation move towards $3.65.
Disclaimer: This article was created using AI tools and reviewed by our editorial team to ensure accuracy and meet our standards. For more information, please read CoinDesk’s full AI policy. This article may contain information from external sources, which are listed below, where applicable.
- TheNewsCrypto, “Toncoin (TON) Targets $4 as Bullish Momentum Builds,” accessed April 3, 2025.
- CryptoNews, “Is This the Next Solana? Toncoin’s $400M VC Raise Signals Explosive Growth,” accessed April 3, 2025.
- CryptoDaily, “AI Predicts 12,500% Gain for Remittix (RTX), 232% for Chainlink (LINK) — But Toncoin (TON), Shiba Inu (SHIB) Need to Sell Fast,” accessed April 3, 2025.
Источник
