Is Toncoin the Next Big Thing? You Won’t Believe What Happens Next! 😲

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In Brief

  • Toncoin has taken a little tumble, landing in the cozy embrace of a demand zone around $3.20 after a delightful 7% drop. A short-term bounce, perhaps?
  • Our dear friends, the MACD and RSI indicators, are whispering sweet nothings about waning selling pressure, suggesting a potential price reversal is on the horizon.
  • Verb Technology is having a makeover, rebranding itself and pledging a whopping $558 million to support TON, with the grand deal set to close on August 7, 2025. How very exciting!

Toncoin’s Little Retreat to Safety

As of the latest gossip, Toncoin (TON) is frolicking around the $3.19 mark, having gracefully descended about 5% in the last 24 hours and a charming 7% over the week. It seems our token has decided to take a breather from its previous high of $3.70 and is now nestled comfortably in a support range between $3.30 and $3.20. This little nook has been a reliable refuge for past price escapades.

According to the ever-astute analyst Naveed, this current dip is rather fortuitously aligned with a key demand area. Should the price hold its ground, we might just witness a short-term recovery. A bounce from this cozy zone could catapult TON back toward the $3.45 level, and if it continues to flex its muscles, we might even see a return to the lofty heights of $3.70.

$TON is taking a breather after reaching the $3.7 area

Currently lounging around $3.3, we could be heading into a robust support zone between $3.3 – $3.2

Keep your eyes peeled for a price dip into the demand zone and watch for signs of a bounce

If that occurs, it could be a splendid opportunity for a move UPWARDS! 🎉

– Naveed (@navex_eth) August 5, 2025

Indicators Are Feeling Optimistic

The 4-hour chart reveals a previous break in structure near $3.45. While the asset is currently below this level, it remains within striking distance of reclaiming it. There’s also a delightful fair value gap between $3.32 and $3.50. Should buyers decide to return from their holiday, this area may entice prices back toward the higher echelons.

On the MACD front, the blue line is still playing second fiddle to the orange signal line. The histogram, though adorned with red bars, is shrinking, suggesting that the selling pressure may be losing its grip. A crossover could herald a trend shift, or at least a dramatic plot twist.

Meanwhile, the RSI is lounging at 33, tantalizingly close to the oversold territory, which begins at 30. While it hasn’t quite reached the point of desperation, the reading indicates that TON is nearing levels where buyers might just decide to re-enter the fray. A rise above 35 could signal the dawn of early buying strength.

Verb Technology’s Bold New Direction

In a rather audacious move, Verb Technology, a public company famed for its video tech and AI wizardry, is rebranding itself as TON Strategy Co. (TSC). It has managed to secure a staggering $558 million through a private placement of 58.7 million shares at $9.51 each. This funding is earmarked for building a reserve primarily composed of Toncoin. How very avant-garde!

Meanwhile, Kingsway Capital is throwing its weight behind this strategy, with the deal expected to close by August 7, 2025. If all goes according to plan, TSC would become the first publicly traded company to officially hold TON as a treasury asset. Quite the feather in their cap!

This shift marks a refreshing new approach, with a direct focus on Toncoin rather than the more pedestrian tokens like Bitcoin or Ethereum. How delightfully unconventional!

Price Levels to Keep an Eye On

Analyst Ali Martinez has pointed out that $2.87 is a key support level, sitting just above the 0.5 Fibonacci retracement. Stability around this area is crucial for maintaining the broader upward structure. On the upside, $5.30 is a level to watch, aligning with the 0.786 Fibonacci extension and a previous supply zone. How thrilling!

If the existing support at $3.20-$3.30 holds firm, we may see the price meander toward the $3.45 level in the short term. However, should it slip below $3.20, we could be setting the stage for a descent to $3.02 or even lower. The drama unfolds!

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2025-08-06 11:54