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Toncoin (TON) Jumps 17% as On-Chain Activity and Futures Demand Soar
Toncoin (TON) Jumps 17% as On-Chain Activity and Futures Demand Soar
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Toncoin (TON) bucked the broader market slowdown with a 17% weekly gain, driven by strong on-chain metrics and rising derivatives interest. The rally followed $13.35 million in spot inflows on July 31—the highest single-day volume this year—while open interest for TON futures reached a record $384 million.
Technical indicators support bullish momentum, with the RSI at 65.78 and the MACD holding above the baseline. Traders are now watching for a breakout above the $3.61 resistance level, which could push prices toward $3.85 and potentially $4.00.
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