Quick Analysis of Toncoin ($TON )
$TON is the native currency of “The Open Network”, a blockchain project supported by the Telegram community, aiming to build an integrated ecosystem that includes payments, storage, decentralized names, and applications within the platform.
✅ A technically strong project that relies on a Proof of Stake (PoS) mechanism with high processing speed (TPS), and is one of the prominent Web3 projects in Telegram.
📉 However, technically:
The currency is under clear selling pressure, having broken the moving averages (EMA50 and EMA100) and support at 2.95, and is currently trading at 2.85 USDT after a decline of 48% since the beginning of the year.
🔻 Critical support: 2.61
🔺 Important resistance: 3.07
Any real upward movement requires breaking this resistance with strong momentum.
🎯 A promising project in the long term, but in the short term we need caution until technical reversal signals appear.
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