Toncoin TON Holds Steady at $3.12 Amid Market Consolidation Phase

Toncoin (TON) maintains stability at $3.12, registering a 1.07% gain over the past 24 hours despite recent volatility linked to Telegram's rumored Grok AI integration. The neutral RSI reading of 45.11 indicates a consolidation phase, with technical resistance positioned at $3.44.

Market resilience remains evident as TON retains its gains even after speculative catalysts diminish. Broader cryptocurrency uncertainty persists—Bitcoin whales offloaded 112,000 BTC in the largest reserve decline since 2022, casting shadows over altcoin momentum.

Analysts are debating TON's potential re-entry into the top 10 cryptocurrencies by market cap this year, with technical developments suggesting upside potential. Telegram's ecosystem continues to serve as a key narrative driver for Toncoin's price action.