Why is Toncoin price up today?

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Toncoin surges 10.14% to $1.727 today

Highlights

Toncoin will rebrand as 'Gram' following an 81% community approval, restoring its original name effective June 15, 2026.
The rebranding involves a ticker change from TON to GRAM, with all balances and DeFi functionality unaffected by the transition.
Short- and medium-term technicals indicate downside pressure, with expected price range between $1.32 and $2.21 over five days and higher likelihood of range-bound or negative movement.

Rebrand to Gram as community approval restores original Ton network identity

Toncoin is set to rebrand as 'Gram' after securing 81% approval in a community governance vote. The ticker change from TON to GRAM will take effect on June 15, 2026, with all balances, wallets, NFTs, and DeFi functions remaining unaffected. This rebrand restores the original name from The Open Network’s 2018 whitepaper, following earlier regulatory intervention, and aims to ensure continuity across the ecosystem.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness in TON/USD. He notes the price is capped by key moving averages, with daily momentum remaining negative. Kharitonov considers the 10.14% rebound to be a sharp but suspect move, especially as sellers maintain control and several oscillators flash oversold. The planned rebrand as 'Gram' does little to ease his concerns over current selling pressure. "The bounce looks unsustainable as bearish signals dominate and the risk of a breakdown remains high," Kharitonov says.

Viktoras Karapetjanc, expert at Traders Union, acknowledges today's strong gain but focuses on the broader ecosystem. He believes the upcoming Gram rebrand brings confidence, with community support strengthening long-term structure. Karapetjanc sees the coin trading well above its MA-200 as a sign that the bullish framework remains intact. He expects the market to offer new setups as the name transition approaches. "With robust fundamentals and community backing, further growth opportunities are likely as the project evolves," Karapetjanc comments.

Mixed momentum and oversold signals as sellers dominate intraday trend

TON/USD trades below the MA-20 ($1.795) and MA-50 ($1.817), indicating short- and medium-term pressure from sellers. The current price is well above the MA-200 ($1.547), suggesting longer-term support remains. Immediate resistance is near the Ichimoku Kijun level at $1.863, with dynamic support forming above the MA-200. Momentum signals are mixed: the MACD on D1 points to continued weakness, while the Average Directional Index (ADX) suggests a modest bullish bias is recovering. The Relative Strength Index (RSI) and Commodity Channel Index (CCI) both indicate mildly oversold conditions, and the Stochastic RSI is also in oversold territory. Bull/Bear Power (BBP) is negative, showing sellers remain in control for intraday momentum, and also signals an oversold state. The price has gained strongly today, rising $0.159 or 10.14% from the previous close. The pair opened with an upside gap of approximately $0.027 and is now near the top of the day’s range, with intraday volatility standing at 8.84%. Price action has been strong toward session highs, but the divergence between daily momentum and oversold oscillators means the pattern is not fully confirmed.

Earlier, analysts noted that Toncoin was experiencing sustained selling pressure and elevated volatility, with particular uncertainty surrounding the impact of its planned rebranding. The current technical setup adds a resurgence in intraday gains and a continued tug-of-war between buyers and sellers, making a decisive break above $1.86 or below $1.55 the next major signal for a directional move.

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

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