Toncoin is navigating a difficult stretch – down nearly 50% year-to-date and trading at a steep 67% drawdown from its all-time high.
Bearish signals dominate the charts: MACD remains negative, EMAs align to the downside, and capital continues to flow out.
Yet oversold conditions on the RSI suggest the market may be overcorrecting, with a short-term bounce not out of the question.
What keeps $TON alive in this storm is not price alone, but fundamentals.
AlphaTON has already committed $30 million with an eye on $100 million by Q4 2025, alongside staking and Telegram miniapp integration.
With Telegram’s billion-plus user base, TON’s utility layer is quietly strengthening while price sentiment falters.
Markets often punish before they reward.
For TON, the question isn’t whether the chart looks red, but whether institutional conviction and ecosystem development can turn current weakness into a longer-term entry point.