Toncoin Price Struggles Below Moving Averages as a Breakout Could See a 50% Rally

Highlights:

• Toncoin consolidates within a triangle as it trades at $3.11.
• TON OI spikes despite the TVL dropping 1.44%.
• Ali Martinez predicts a 50% rally if the asset breaks out of the triangle. 

Toncoin price is currently consolidating near the $3.00 support area, as it trades at $3.11. However, the trading volume has seen an 8% decline to $123.06 million, indicating a drop in market activity. However, the recent Robinhood listing of Toncoin is a significant milestone for the asset. This will introduce the long-awaited token by Telegram into the American market and situate it within the rapidly evolving digital asset sector. 

🇺🇸 $TON Available On The U.S. Market

Robinhood has listed $TON, adding Telegram’s native token to its U.S. trading platform.

Our ecosystem is one of the first to break into the >$40 Trillion market.

The $TONDEX token and platform will be fully available in the USA! 💎 pic.twitter.com/7jQPzme8Bg

— TonDex (@dexonton) September 1, 2025

TON Open Interest Spikes Despite The TVL Shrinking 1.44%

This increase can be matched to the rising open interest in its futures market, which registered a sharp increase, by 315.59 million. Despite the level of price volatility, the sentiment regarding $TON is generally favorable, with the integration of the cryptocurrency into the American system boosting investor well-being.

Taking a closer look at the market forces, the overall interest in futures contracts of $TON provides an in-depth analysis of trader sentiment. The price chart of $TON has seen significant fluctuations since its previous price peaks in May and June 2025, and intermittent periods of correction and consolidation. The $TON futures chart indicates that at the beginning of the market, the price and open interest were moving in harmony, but open interest increased significantly, indicating that more individuals are participating in the market.

TON’s total value locked (TVL) stands at $141.11M, marking a 1.44% drop over the last 24 hours. However, the ecosystem has performed well in general, particularly given the high growth that was experienced earlier in the year.

The explosion in the number of people engaging in DeFi reflects the broader appeal of decentralized financial services being established around $TON. Moreover, the fact that the market cap of stablecoins exceeded 730 million shows that the ecosystem of $TON is still finding its position in the DeFi ecosystem.

Toncoin Price Consolidates Within a Triangle

The TON/USD daily chart shows that the asset is consolidating in a triangle. Often, a consolidation phase acts as an accumulation period, which may see Toncoin price spike. Currently, the bulls need to overcome the $3.21 and $3.30 resistance marks to commence a rally. 

The RSI has been consolidating and is currently at 42.09, which bulls are aiming to spike. Notably, the MACD is showing intense selling pressure as it has slipped below the signal line. The daily chart suggests the Toncoin price has not peaked yet. The potential subsequent breakout means the price is poised to surge even more. Risk-takers can buy in now. But if the price starts coming down, investors should wait for a dip to that $3.03-$3.00 range, reducing risk. On the upside, Ali Martinez foresees a 50% price move if the Toncoin price breaks out. 

Toncoin $TON consolidates in a triangle, awaiting a 50% price move! pic.twitter.com/7yMU7DtEJ8

— Ali (@ali_charts) September 2, 2025