Toncoin (TON) is testing a critical support zone, signaling a potential breakout that could propel the cryptocurrency toward a $9 target in the coming months.

Toncoin is consolidating within the $2.30–$2.90 support zone, where historical buying pressure has repeatedly halted declines. Analysts note that if this level holds, momentum could build, driving the token past near-term resistance and setting the stage for significant upside.

Toncoin Current Price and Market Snapshot

Toncoin (TON) is trading at $2.68, reflecting a 1.50% dip in the last 24 hours, according to Brave New Coin. With a market capitalization of $6.83 billion and daily trading volume around $82 million, Toncoin holds the 32nd position in the global crypto rankings.

Toncoin was trading at around $2.68, down 1.50% in the last 24 hours at press time. Source: Brave New Coin

Its circulating supply stands at 2.54 billion TON. Despite the short-term decline, technical analysts remain optimistic, pointing to strong support levels that could pave the way for significant upside.

Technical Analysis: Key Support at $2.30–$2.90

Crypto signals provider @CryptostarExper highlighted that Toncoin/USDT is currently testing a crucial support zone between $2.30 and $2.90. Historically, this range has acted as a major demand zone where buyers stepped in to halt declines. Maintaining this level could form the foundation for a bullish reversal.

Toncoin (TON) tests critical support between $2.30 and $2.90, hinting at a potential breakout. Source: @CryptostarExper via X

Prominent analyst Marcus Corvinus (@CryptoBull009) added that “buyers have defended the key support perfectly, and consolidation above this area tells us one thing—supply pressure is fading.” He suggested that a breakout above near-term resistance could trigger a powerful uptrend.

Toncoin’s Path Toward a $9 Target and Market Momentum

From a broader technical perspective, analysts see the $9 level as a long-term upside target for Toncoin (TON). This projection considers historical resistance, past rally structures, and current market momentum. If Toncoin can sustain the $2.30–$2.90 support range and break above near-term barriers around $3.75, it could trigger a multi-month rally, positioning the cryptocurrency for significant gains. Maintaining this support is seen as critical, as it has historically acted as a strong buying zone that prevents further declines.

Toncoin shows strong momentum as buyers defend key support, signaling that a breakout could be imminent. Source: @CryptoBull009 via X

Market dynamics also support the potential uptrend, with whale activity spiking 111% and exchange netflows increasing 357% earlier in 2025, signaling growing institutional interest. While these inflows often precede strong rallies, traders should remain cautious given Toncoin’s volatility; its all-time high still sits 67% above current levels, highlighting both substantial upside potential and the risk of sharp corrections along the way.

Adoption and Strategic Partnerships

Fundamentals are also reinforcing Toncoin’s bullish case. The project, originally launched as the Telegram Open Network before being rebranded as The Open Network, has continued to attract attention from global players. Earlier this month, TON Foundation teased a major partnership with “one of the world’s most trusted platforms,” fueling speculation across crypto communities.

This anticipated alliance follows the project’s strategy to leverage Telegram’s 1 billion monthly users as a gateway for wider crypto adoption, signaling a long-term push toward becoming a globally recognized blockchain ecosystem.

Price Outlook and Market Catalysts

Though Toncoin is fairly restrained on its intraday chart, analysts note that a breakout above the $3.75 resistance level can pave the way for further gains at $4.20 and $4.68. Apart from technicals, macroeconomic activity like the September U.S. Federal Reserve meeting, where a 25 basis point interest rate cut is expected, could also be a source of propelling overall gains in the crypto space.

Toncoin forms a triple-bottom and higher low, signaling potential for a strong upside move as buyers prepare for accumulation. Source: ucharx on TradingView

In the short term, Toncoin’s capacity to maintain the $2.30–$2.90 support level will be most important. If this foundation holds firm, the trajectory to the $9 objective might be bolstered as institutional appetite, whale behavior, and adoption trends are in alignment.