Toncoin is among the top gainers in the crypto market today, up more than 8% with a 200% surge in trading volume. The TON price is trading at $2.98. The move comes as Toncoin posts a breakout on the 4-hour chart and reveals a major new incentive tied to UAE residency.
Top analyst The Crypto Express shared on X (formerly Twitter) that Toncoin has entered an official partnership with the UAE government.
The program allows eligible TON stakers to secure a 10-year UAE Golden Visa by staking $100,000 in TON for three years and paying a one-time processing fee of $35,000. The announcement targets long-term crypto holders and high-net-worth individuals, offering residency benefits in exchange for network participation.
Toncoin has announced an official partnership with the UAE to offer eligible TON stakers a 10-year Golden Visa. The program aims to attract high-net-worth individuals and crypto investors by encouraging long-term staking to support the TON network, while granting them residency… pic.twitter.com/x1o1RdiCgq
— The Crypto Express (@TheCryptoExpres) July 6, 2025
TON Price Technical Setup Shifts Bullish
The 4H Toncoin chart shows a strong technical breakout. Price action had been consolidating between $2.73 and $2.95 for the past two weeks. On July 5, TON dipped into a key demand zone near $2.73 and sharply rebounded. This bounce produced a large green candle that broke through the $2.90 resistance, confirming a bullish break of structure (BOS).
The breakout suggests a potential reversal in short-term trends. Toncoin price is now trading well above the previous resistance level. If TON holds above the $2.90 area, the move could extend toward $3.10 and beyond. The former resistance may now act as support on any pullback.
Image Source: TradingView.com
Moreover, the support area between $2.70 and $2.73 has held up after two clean retests. This zone attracted buyers both times price dropped to it, forming a foundation for the current push upward. The strength of the bounce and size of the breakout candle point to increased buyer interest.
Traders are watching for a possible retest of the $2.90–$2.93 zone. If TON price remains above this range, the setup may support continued upward momentum.
Read Also: How Much Could XRP Price Be Worth When Bitcoin Hits $1 Million?
TON Staking and Residency News Draws New Attention
The UAE Golden Visa announcement aligns with a broader interest in digital residency programs tied to crypto. By combining staking with a long-term incentive like residency, Toncoin expands its appeal to strategic investors.
The offer to retain full control of staked tokens while accessing a 10-year visa could support both price stability and lock-in network liquidity.
The partnership and breakout structure appear to be driving both technical and narrative momentum for TON price heading into the week.
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The post Why Is Toncoin (TON) Price Up? appeared first on CaptainAltcoin.
