Technical Analysis of TON (Toncoin)
Overview of the Current Price:
• Current Price (as of July 6, 2025): According to the available information, the price of Toncoin is approximately $2.9890, an increase of +8.84% in the past 24 hours, with a market cap of $7.40 billion, placing it at 18th among cryptocurrencies.
• All-Time High: TON reached 31.07 SAR (about $8.30) on June 15, 2024.
• All-Time Low: Recorded at 3.71 SAR (about $0.99) on June 10, 2023.
• Trading Volume (24 hours): Approximately 22.68 million SAR (about $6 million).
• Circulating Supply: Approximately 2.468 billion TON of a total maximum supply of 5.134 billion TON.
Technical Analysis:
1 Current Trend:
◦ The currency has increased by 8.84% in the past 24 hours, indicating strong short-term upward momentum.
◦ However, over the past week, the price has decreased by -5.02%, reflecting market volatility.
◦ Key Support Levels: Located at $3.19-3.20, where it has shown price stability recently. Resistance levels: Located at $3.5-3.7, with the potential to test higher levels if upward momentum continues.
2 Technical Indicators:
◦ Moving Averages (MA): If the price is trading above the 50-day or 200-day moving average, this supports the upward trend. However, the crossover between moving averages should be monitored to confirm the trend.
◦ Relative Strength Index (RSI): The RSI is likely to be in the middle range (between 50-70) after the recent rise, indicating that the currency is not in the overbought zone yet, but it should be monitored as it approaches level 70.
◦ Trading Volume: The increase in trading volume with the recent rise of 8.84% supports the strength of the upward trend.
3 Price Predictions:
◦ 2025 Predictions: The average expected price is around 11.16 SAR (about $2.98), with a potential fluctuation between 5.91 SAR ($1.58) and 15.41 SAR ($4.11).
◦ Long-Term Predictions (2035): The price may reach 57.13 SAR (15.24 USD), providing a potential return of +292% from the current price.
Volatility Analysis:
• The currency shows high volatility, making it suitable for traders who can bear high risks.
• The recent drop of -6.35% in 24 hours before the recent rise indicates that the market may experience ongoing volatility, requiring strict risk management.
TON Network Partnership with the UAE Government
Partnership Details:
• Announcement: The Open Network (TON) announced a partnership with the UAE to provide a 10-year golden visa for TON holders who meet certain conditions.
• Conditions:
◦ Staking: Investors should stake $100,000 worth of TON for 3 years.
◦ Application Fee: A one-time fee of $35,000.
◦ Benefits: The visa includes spouse/family (children and parents), issued within less than 7 weeks, with an expected annual return of 3-4%.
• Importance of the Partnership:
◦ This partnership is a pioneering step as the first residency program based on blockchain technology, enhancing TON's position as an innovative platform in the cryptocurrency world.
◦ Integration with the Telegram user base (900 million users) makes this offering attractive to investors looking for long-term investment opportunities with residency benefits in a developed country like the UAE.
Impact of the Partnership on Price:
• The partnership announcement has contributed to the recent upward momentum (an increase of 8.84% in one day), as it is seen as an attraction factor for new investors.
• Increased demand for TON due to staking requirements may drive prices higher in the short to medium term.
• However, market reactions should be monitored after the announcement, as profit-taking may lead to a temporary price correction.
Trading Recommendations for This Week (July 6-12, 2025)
Trading Strategy:
1 For Short-Term Traders (Day/Swing Traders):
◦ Buying Point: If the price maintains support at $3.19-3.20, consider buying with a target resistance level at $3.5-3.7.
◦ Stop Loss: Place a stop loss order below the support level at $3.15 to reduce risks.
◦ Profit Taking: Partially take profits at $3.5, with the option to retain part of the position if the price breaks through resistance.
2 For Long-Term Investors:
◦ The partnership with the UAE makes TON an attractive option for long-term investment, especially with price growth expectations to 15.41 SAR ($4.11) in 2025.
◦ Staking is recommended to benefit from the annual return (3-4%) and the opportunity to obtain a golden visa if you are eligible.
◦ Gradually buy quantities at support levels (such as $3.0-3.2) to reduce volatility risks.
3 Risk Management:
◦ Due to the high volatility of TON, it is advised not to allocate more than 5-10% of your investment portfolio to this currency.
◦ Always use stop loss orders to avoid large losses in case of price corrections.
◦ Monitor news related to the partnership with the UAE, as new developments may impact the price.
Additional Notes:
• Market Risks: Cryptocurrencies, including TON, are considered high-risk investments. Make sure to assess your financial situation before investing.
• Trading platforms: TON can be traded on reputable platforms like Binance, OKX, Gate.io, and KuCoin. Make sure to choose a safe and reliable platform.
• Integration with Telegram: The association of TON with Telegram (900 million users) enhances growth potential, especially with applications like Notcoin that attract millions of users.
Conclusion
• Technical Analysis: The currency shows short-term upward momentum with strong support at $3.19-3.20 and resistance at $3.5-3.7. Long-term forecasts are positive with the potential to reach $4.11 by 2025.
• Partnership with the UAE: Enhances the appeal of TON as a long-term investment, especially with the golden visa offering, which may increase demand for the currency.
• Trading Recommendations: Aim to buy at support levels with strict risk management. For long-term investors, staking is an attractive option with annual returns and additional benefits.
Warning: Investing in cryptocurrencies involves high risks. Consult a financial specialist before making any investment decisions.