Toncoin ($TON) continues to attract attention, especially with the strong performance it has shown in recent days. In this article, we take a look at the latest technical updates and compare TON with its strong competitor Solana ($SOL) to determine if TON can become the top choice for investors in the upcoming summer season.

🔸 A quick look at the technical chart (attached from Binance)

  • Current price: $3.195

  • Highest price in the last 24 hours: $3.252

  • Lowest price in the last 24 hours: $2.995

  • Key indicators used:

    • EMA 20 / 50 / 99 shows the beginning of a short-term positive crossover.

    • Stochastic RSI at 58 indicates momentum improvement after the recent oversold condition.

    • MACD is close to a bullish crossover, reinforcing the likelihood of continued upward movement.

    • RSI (7, 12, 24) are all moving above the 50 level, supporting the upward trend.


🔸 Support and resistance points:

  • Strong support: $2.99 – $3.05

  • Next resistance: $3.27 then $3.45

If the level of 3.27 is firmly breached, we may see an extension towards the recent peak at $3.45, followed by an attempt to surpass it later.


💥 Why could TON be a serious competitor to SOL this summer?

  1. The integration of Toncoin with Telegram gives it a huge advantage in mass adoption.

  2. Network speed and low fees make it a direct competitor to first-layer networks like Solana.

  3. Increasing institutional support, as TON begins to attract interest from decentralized finance (DeFi) and Web3 projects.

🟢 Technical recommendation:

If the price stabilizes above $3.20 in the coming hours, TON may be ready to test higher resistances. Meanwhile, breaking $2.99 could delay this scenario.


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