Toncoin is on the move today. The TON price has increased by 13% and is now trading at $3.38 at writing, while trading volume has surged by more than 167%. That kind of spike usually means traders are paying attention, and there’s a good reason why.
According to a post from top platform, Satoshi Club, on X (formerly Twitter), Telegram is looking to raise $1.5 billion through a bond offering. Big names like BlackRock, Citadel, and Mubadala are said to be getting involved.
BREAKING: Telegram is set to raise $1.5 billion through a bond offering, with major investors like BlackRock, Mubadala, and Citadel expected to participate.$TON
— Satoshi Club (@esatoshiclub) May 28, 2025
This news has put a spotlight back on TON. Even though Telegram handed the project over to the community, the two are still closely linked. So when Telegram makes a major financial move, many see it as a positive sign for the TON ecosystem too. Investors are now betting that this fresh injection of funds could give the network a boost, which may explain why Toncoin price is getting so much attention right now.
TON Technical Breakout Adds Fuel to the Rally
Chart analysis from prominent analyst CryptoBull_360 points to a bullish breakout from a descending triangle pattern on the TON chart. The chart shows a breakout above a descending resistance line formed since mid-May, with price action breaking out near the $3.10 mark.
The horizontal support at $2.95–$3.00 has held through multiple retests, confirming strong buyer interest. The breakout pattern, traditionally viewed as bearish, reversed with strength, confirming bullish intent. A follow-through towards the $3.55–$3.65 range is now possible if momentum continues and support holds.
Source: X/CryptoBull_360
Moreover, traders are watching a favorable long setup, with stop-loss levels placed slightly below $2.90. The upward target near previous highs at $3.60 provides an estimated 1:3 risk/reward ratio. While volume data is not available on the chart, the sharp increase in market activity supports the idea that the breakout may have conviction.
With the breakout candle now confirmed and TON price holding above the trendline, the structure suggests new buyers may enter the market if current levels remain intact.
The chart analysis and breakout commentary shared by CryptoBull_360 emphasize that Toncoin price structure was setting up for a move. The post noted that a “massive breakout” was forming, urging traders to stay alert. The timing of the breakout aligns closely with both the tweet and the reported Telegram bond raise.
Market sentiment appears to be shifting in TON favor, with both technical patterns and news-driven momentum contributing to its current price surge.
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The post Here’s Why Toncoin (TON) Price Is Pumping appeared first on CaptainAltcoin.
