Toncoin: stabilization in volume and user base drives 2.37% gain despite selling pressure

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Toncoin rises 2.37% today on utility boost

Highlights

The xStocks launch on the TON network enables Telegram users to buy, hold, and transfer tokenized U.S. stocks and ETFs via TON Wallet, expanding Toncoin's utility.
Daily active user numbers have decreased from earlier in 2024, but both blockchain activity and trading volume for Toncoin have now stabilized.
December saw early signs of a recovery for TON, underscoring its growing user reach through integration with Telegram's platform.

Ecosystem growth via xStocks launch amid stabilized user activity

The launch of xStocks on the TON network now allows Telegram users to buy, hold, and transfer tokenized U.S. stocks and ETFs using the TON Wallet, expanding Toncoin's real-world utility and ecosystem. Daily active user numbers are lower compared to earlier in 2024, but both blockchain activity and trading volume have stabilized. Signs of recovery were also seen in December, highlighting growing reach through Telegram’s platform.

Bearish momentum persists as technicals confirm seller control

Momentum indicators remain bearish, with MACD and ADX signaling strong downward momentum and persistent selling pressure. The price is positioned near the Ichimoku Kijun resistance at $1.561 with no major support below, while daily RSI (39.7), CCI (–138), and Stoch RSI all indicate oversold conditions. BBP further confirms seller dominance. Although today marked a moderate increase and a small intraday upward gap, the tone is one of consolidation and limited recovery, with oscillators hinting at potential but not confirming a rebound.

Limited upside potential as price consolidates below resistance

For the short term, TON is likely to stay within a typical volatility band between $1.40 and $1.60, centered around current levels. The chance of a sustained upward breakout is below 20%, with further pullback or sideways drift more probable. The baseline scenario sees TON consolidating unless momentum shifts strongly, while a bullish case would require a break above $1.56 – $1.60 resistance. If bearish momentum continues, a drop below $1.40 could materialize.

Viktoras Karapetjanc, expert at Traders Union, sees Toncoin stabilizing after recent declines, despite persistent selling pressure across all timeframes. The analyst notes that the launch of tokenized stocks via xStocks expands TON’s real-world use and could support long-term sentiment, even as user activity is lower than earlier in 2024. He believes that price action remains locked in a consolidation range, with recovery potential building if the $1.56 – $1.60 area is broken. Overall, Karapetjanc maintains a constructive outlook but sees the need for confirmation before a move higher. "If the ecosystem’s real-world growth continues and momentum turns, I expect Toncoin to challenge resistance and initiate a stronger recovery."

Previously it was reported that Toncoin remains under strong bearish pressure, trading significantly below key moving averages with momentum indicators such as MACD, high ADX, and deeply oversold RSI and Stoch RSI readings all reinforcing further downside risk. Resistance is observed near $1.56–$1.62, while the probability of additional declines remains high unless a decisive trend reversal emerges.

Source of Data: TON Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.