Can TON break through 3.68 USD while the market is retreating?

Toncoin (TON), the cryptocurrency associated with the Telegram ecosystem, has become a rare highlight in the market by recording a slight increase in the past 24 hours – contrarian to the gloomy picture of the crypto market.

While the total market capitalization dropped by 8% and most major assets are in the red, TON seems to be "swimming against the tide." On-chain data shows an increasing accumulation, signaling strong confidence from investors despite the overall trend.

New capital, increasing confidence: TON shines amid market retreat

TON continues to prove its resilience as it goes against market trends. While most major cryptocurrencies are falling sharply, TON maintains a steady growth trajectory thanks to new demand and strong community participation.

According to Sentora (, previously known as IntoTheBlock), the new demand for TON has increased by 38% in just the past seven days, indicating that new capital is flowing into this ecosystem, primarily from first-time users and investors. At the same time, the number of daily active addresses has also increased by 51%, demonstrating deeper interaction from current holders.

TON Network Activity | Source: SentoraThese signals affirm the growing interest in Toncoin, contributing to the price increase despite the overall gloomy market.

Not only on the network, the optimistic sentiment is also clearly reflected in the derivatives market. Data from Coinglass shows that the funding rate of TON remains at a positive 0.0057%, reflecting that traders are willing to pay a premium to hold long positions. This is a positive sign, indicating expectations that the price will continue to rise in the short term.

The funding rate of TON | Source: CoinglassThe high level of on-chain interaction combined with optimism in the futures market has created a solid support for TON, helping this coin to stand firm amidst the market's pullback. If this trend continues, Toncoin could very well record new price increases in the upcoming sessions.

Important price levels that could determine the upward trend of TON

Although the recent increase of TON is still quite modest, the fact that this coin is moving contrarian to the overall market trend indicates the potential for continued upward momentum in the coming days.

If demand remains high, TON could break through the important resistance level at 3.49 USD and aim for the next target at 3.68 USD.

TON 1-day price chart | Source: TradingviewConversely, if buying pressure weakens, this recovery momentum could be halted. In a negative scenario, the price of TON risks retreating to the support area of 3.23 USD, where buyers need to appear to protect the current trend.

Emma