
Toncoin (TON) Price: Technical Indicators Point to Potential Breakout Above $3.00
Toncoin has been exhibiting remarkable resilience near the $3.00 mark, displaying a mix of both positive momentum and regulatory challenges. Despite these contradictory forces, the cryptocurrency’s technical indicators are pointing towards a potential breakout above this psychological level.
As of July 15, 2025, Toncoin is trading around $2.98, showcasing remarkable recovery strength in recent days. The token has rebounded significantly after dropping from over $3.05 to $2.73 due to short-term profit-taking and declining market volume, only to bounce back strongly in a testament to its growing institutional appeal.
The recent surge can be attributed to the addition of Toncoin on Zondacrypto and BingX exchanges, which has substantially enhanced liquidity and accessibility for traders. Moreover, Crypto.com Custody now offers institutional support for TON, underscoring growing trust in the cryptocurrency as an institutional-grade asset.
As a result of these positive developments, the token’s technical indicators are pointing towards a potential breakout above $3.00. The currency is currently situated above both its 20-day and 50-day exponential moving averages ($2.89 and $2.97 respectively), typically considered key indicators of short-term momentum.
Notably, Toncoin has maintained support above these crucial levels, further substantiating the notion that it may continue to move upwards. If successful in maintaining this support, TON’s next significant target could be situated at $3.60. Conversely, if the cryptocurrency is unable to sustain its current support levels, it might encounter a stall in its ascent.
Furthermore, the token’s daily trading volume of approximately $229.07 million and market capitalization of $7.43 billion demonstrate healthy market activity. The resilience displayed by Toncoin near $3.00 and the technical indicators’ positive outlook suggest that further growth could occur if support levels hold firm.
Source: blockonomi.com