Toncoin (TON) Skyrockets: 33% Open Interest Surge Signals Major Technical Breakout

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-30 09:08:17

[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN] Toncoin TON News -

Toncoin’s derivatives market has exploded with activity, as Open Interest surged 33% to $190 million within 24 hours—marking the highest level since February. This rally coincides with TON breaking through a key descending trendline, currently trading at $3.33 despite a slight daily decline.

Futures traders are placing aggressive bets, with trading volume spiking 680% to $1.3 billion. Technical analysts have identified three upside targets ranging from $3.96 to $5.17, suggesting a potential 71.6% gain at the upper range. However, historical patterns caution of volatility—the March Open Interest peak was followed by a 32% price drop.

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