Toncoin (TON) Surges Past $3.35 Resistance: $4.00 Target in Sight Amid Bullish Momentum

Toncoin has broken through the $3.35 resistance level, closing at $3.40 with a notable 14.01% gain. The market capitalization has risen to $8.47 billion, while trading volume skyrocketed 200% to $426.11 million, indicating strong bullish momentum.

The TON Foundation is strategically positioning The Open Network for global crypto payments, recently hiring Nikola Plecas, a former Visa executive, as VP of Payments. Key integrations with Ethena’s stablecoins and Tether via LayerZero aim to enhance utility within Telegram’s massive billion-user ecosystem.

Technical analysis reveals TON trading within a descending wedge pattern—a classic bullish reversal signal. With plans to bridge over 100 blockchains, including ethereum and Solana, the market is closely watching for the next price target.