Toncoin (TON) Rallies on TON Foundation’s Strategic Visa Executive Hire

Toncoin (TON) surged dramatically after the TON Foundation appointed a former Visa payments executive to lead their payment strategy. The cryptocurrency, integral to Telegram’s ecosystem, saw trading volumes spike to 10 times the average during peak activity. Price action revealed strong support at $2.97-$2.98, with new resistance forming at $3.27.

The most explosive movement occurred in a two-minute window where TON jumped from $3.18 to $3.29, backed by single-minute volume exceeding 2.1 million—nearly 20 times the period’s average. While some profit-taking emerged at the peak, the ascending channel formation and higher lows on hourly charts suggest sustained bullish momentum.

Market observers note the $3.27 resistance level could serve as a springboard for further gains if decisively breached, signaling growing institutional interest in Telegram’s crypto ecosystem.