Toncoin (TON) Tests Critical Support Zone Amid $558M Ecosystem Partnership

Toncoin has declined 7% this week, testing a crucial demand zone between $3.20-$3.30—a level known for triggering rebounds. This pullback occurs despite bullish catalysts, including Verb Technology's planned $558 million investment in TON's ecosystem through a rebranding deal set to finalize on August 7, 2025.

Technical indicators suggest weakening bearish momentum, with the MACD showing reduced downward pressure and the RSI nearing oversold conditions. Traders are watching the $3.45 resistance level, where TON previously broke structure on the 4-hour chart.

The current consolidation resembles historical accumulation phases. Analyst Naveed noted, 'When price reaches these demand zones, short-term reversals typically follow,' identifying $3.70 as the next key resistance if bullish momentum returns.