Toncoin’s Wild Ride: Will It Hit $5.30 or Back to the $2.87 Circus?

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TL;DR

  • Toncoin is hanging onto its $2.87 lifebuoy, aiming for $5.30 if it can dodge the sharks! 🦈
  • Warning: RSI and MFI might be having a “party too hard” moment, suggesting a hangover (or a pullback)! 🍹
  • The TON Wallet is crashing the US party, ready to connect 87 million people like a digital matchmaker! 💘

Price Keeps a Tight Grip on Support

Toncoin (TON) is still clinging to that $2.87 love handle, like a contestant on a reality show fighting for that final rose. Last we checked, TON was prancing around at $3.14, after a 5% tumble in the last 24 hours. It’s down 4% for the week, which is just enough to make a basket of sad potatoes! 🥔💔

Our chart guru, Ali Martinez, says $2.87 is just chilling above the 0.5 Fibonacci party line, and bulls better defend it like they’re at a buffet with only one slice of pizza left! If they hold strong, the juicy target is about $5.30, right at that 0.786 Fib level where dreams and market orders collide! 🍕🤑

As long as Toncoin $TON holds above $2.87, the bullish structure remains intact. A move to $5.30 could be next.

— Ali (@ali_charts) July 24, 2025

Importantly (or not, depending on your mood), Toncoin’s chart shows it’s been respecting a rising channel—a bit like an elevator that only goes up! I mean, come on, who doesn’t love an upward trend? If they keep raising those lows, buyers will keep tossing cash like confetti! 🎉💸

Earlier this year, TON broke through $2.87 with more oomph than a movie hero, then came back to retest it like an ex at a reunion, and surprise, surprise—buyers showed up! But watch out! If that $2.87 support gives up, we might just drop to $2.23, which is like the basement of this financial rollercoaster. 🎢

Momentum Indicators Catch Their Breath

On the daily rollercoaster, the Money Flow Index (MFI) is sitting pretty at 83.71—basically in financial “I ate too much cake” territory! This could spark a little cooldown while everyone decides whether to hit the brakes or keep the party going! 🎂🚦

Meanwhile, our buddy the Relative Strength Index (RSI) downshifted to 62.08 but is still bouncing above the average like it knows it’s got what it takes. Can the bulls maintain their momentum before they hit the snooze button? That’s the million-dollar question! Oh, and it is worth noting they might just have nightmares about losing their grip! 💤💰

TON Wallet Launch: Let’s Make It Rain!

Telegram has kicked off its TON Wallet rollout in the US, and it’s like opening the floodgates to a digital fiesta with over 87 million potential users joining the fun! 🎉 It’s about to make crypto transfers and staking as easy as throwing a party without cleaning up afterward! 🎊

This is like the debut of a self-custodial wallet crashing into a major messaging app’s party—for the first time ever! Andrew Rogozov, CEO at TOP, spilled the beans to CNBC that this wild expansion is thanks to new regulations and a huge user base. So, get your popcorn ready! 🍿

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2025-07-24 22:28