Toncoin on the Verge: Will Surging Whale Inflows and User Growth Ignite a Breakout Past $3.28?
- Keyword Financial
- Jun 30
- 3 min read
Introduction
Toncoin (TON) has recently shown strong on-chain growth, with a 34% increase in transaction activity, a nearly 30% rise in new addresses, and a notable uptick in zero-balance wallets joining the network. Despite a slight drop in active addresses, these metrics suggest growing user interest and network traction. TON has managed to defend its $2.60 and $2.70 support region, but it remains below key resistance levels at $3.15 and $3.28, which have capped price rallies in recent weeks. A decisive move above $3.28 could set the stage for further gains toward $3.46 and $3.69, but until then, the price remains range-bound.
A significant development is the 42% surge in whale inflows over the past week, indicating that large holders are accumulating TON after a period of outflows. This shift in whale behavior aligns with TON’s recent bounce from support, suggesting that accumulation is happening during the current consolidation phase. If this trend continues, it could provide the liquidity needed for bulls to challenge resistance and potentially trigger a new upward trend.
Other bullish signals include a 41% positive divergence in the Adjusted Price Daily Active Addresses (DAA), which points to increasing real user activity outpacing price movement. Derivatives activity has also surged, with trading volume up over 54% and open interest rising, reflecting growing speculative interest and positioning for volatility. While these factors create a compelling setup for a breakout, TON’s bullish momentum will remain speculative unless it can decisively break above the $3.28 resistance level. If successful, this could pave the way for a move toward higher price targets in the near term.
