Toncoin (TON) Eyes $4 Breakout as Telegram Integration Fuels 4.2% Rally
Toncoin (TON) surged 4.2% to $3.58 as bullish momentum builds toward a breakout above the $3.75 resistance level. The rally follows Telegram's expanded blockchain integration plans and a $558 million institutional investment strategy from VERB.
Technical indicators show healthy upside potential, with the RSI at 63.04 avoiding overbought territory. The token briefly touched $7.262 during a 10% intraday spike before consolidating, demonstrating volatile but sustained demand.
Market sentiment reflects growing confidence in TON's ecosystem utility, particularly through its deepening ties with Telegram's massive user base. Institutional interest continues to validate the project's long-term viability as it approaches the psychologically important $4 threshold.
