Toncoin TON Shows Rebound Potential with $30M AlphaTON Investment as Technical Indicators Signal Oversold Territory
Toncoin displays signs of potential recovery as AlphaTON Capital commits $30 million to TON tokens, strengthening Telegram's ecosystem development. This purchase represents the initial portion of a planned $100 million position by Q4 2025, with staking and validation activities expected to begin shortly.
Market activity contradicts price declines, with spot volume increasing 56% to $170.5 million despite TON's 4.5% daily drop. The token currently trades at $2.66, testing critical support NEAR $2.60 as Bollinger Band contraction indicates approaching volatility. RSI readings at 22 confirm oversold conditions not witnessed since July's lows.
Derivatives data presents a cautionary narrative - while futures volume ROSE 48% to $142 million, open interest decreased 16% as traders exit positions rather than establish new ones. This divergence underscores market uncertainty despite the institutional confidence demonstrated by AlphaTON's Nasdaq-backed initiative.