$TON Toncoin (TON) is showing positive momentum today, trading at approximately $3.15 USD, reflecting a 1.7% increase over the past 24 hours. The market capitalization stands at around $7.85 billion, with a 24-hour trading volume of about $158 million.

This uptick follows recent bullish trends, including a 2.87% rise since yesterday. Technical indicators suggest that TON is approaching a local resistance level near $3.166, indicating potential for further gains if this threshold is surpassed.

The broader outlook for Toncoin remains optimistic, bolstered by significant developments such as a $400 million investment from major venture capital firms like Sequoia and Ribbit. Analysts have noted that TON has broken out of an inverse head and shoulders pattern, signaling a potential 60% rally toward $6.16.