Toncoin (TON) cryptocurrency has faced a sharp decline even as Telegram rolls out its new Vault feature within the TON Wallet.

The launch of “Vault” in TON Wallet allows users to earn yield on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) without leaving the app.

Vaults are self-custodial, meaning users retain control of their private keys and assets while participating in decentralised earning strategies.

This integration of decentralised finance (DeFi) into a widely used messenger app marks one of the most accessible on-ramps to DeFi for everyday users.

The TON Wallet uses a combination of DeFi protocols to generate yield behind the scenes.

Morpho provides the lending backbone, while the TON Applications Chain executes transactions, and Re7 manages risk and strategy design.

Users simply interact through the Telegram interface, making the process seamless and user-friendly.

Toncoin market reaction

Despite the positive news, Toncoin’s market performance has been under pressure.

The cryptocurrency has dropped to $1.29, down 3.6% over 24 hours.

This decline aligns with a broader market-wide risk-off rotation.

The total crypto market cap fell 2.43%, and sentiment remains in extreme fear, with the Fear & Greed Index at 16.

Notably, altcoins are underperforming Bitcoin, and Toncoin has moved in line with the market.

TON price technical analysis

Technical indicators show a bearish trend.

The price has broken both the 7-day and 30-day simple moving averages, confirming downward momentum.

In addition, the Relative Strength Index (RSI) reads 26.42, indicating deeply oversold conditions.

The selling volume has also increased by almost 30%, showing persistent pressure despite the oversold state.

Looking at the historical chart movements, the key support lies between $1.23 and $1.30, and the Fibonacci levels highlight this zone as critical for potential short-term rebounds.

A bounce could occur if buyers step in at these levels, especially if Bitcoin stabilises after its recent decline.

CoinLore’s analysis highlights additional support at $1.06 and a secondary zone near $0.8280.

On the upside, the immediate resistance is at $1.41, $1.79, and $2.02, marking key thresholds for traders to watch.

Traders should focus on high-volume rejection or acceptance around the $1.26–$1.30 range to gauge the next move.

Toncoin price prediction

With the introduction of Vaults, TON now combines utility and DeFi access, which could support demand if broader market conditions improve.

If the Toncoin price holds above the $1.23–$1.26 support zone, a short-term rebound toward the 7-day SMA at $1.33 could be possible.

Otherwise, a break below $1.23 may open the path to $1.14, where further downside could extend toward $1.06.

But the oversold RSI suggest a potential bounce, although caution is advised, as the market remains under pressure.

In case of a rebound, clearing the $1.41 resistance would signal strength and potentially push TON toward $1.79 and $2.02.

The post Toncoin (TON) price heavily oversold as Telegram introduces Vaults in TON Wallet appeared first on CoinJournal.

Toncoin (TON) price heavily oversold as Telegram introduces Vaults in TON Wallet

Source: https://coinjournal.net/news/toncoin-ton-price-heavily-oversold-as-telegram-introduces-vaults-in-ton-wallet/ ***

Toncoin (TON) price caught the crypto market’s attention on Wednesday as it rose sharply amid broader market struggles for Bitcoin and top altcoins.

With 13% in price gains in the past 24 hours, Toncoin ranked among the top gainers on the day, outpacing the likes of Quant, Uniswap, and Injective among the top 100 by market cap.

TON, native to The Open Network blockchain, rallied as traders raced to buy amid a series of major Telegram news.

Toncoin price soars, volume up 400%

As the price of Toncoin soared by more than 13%, trading volume rose through the roof.

As per data from CoinMarketCap, Toncoin recorded a 410% spike in volume, hitting $745 million.

TON’s price reached highs of $3.69 before slightly retreating to $3.48 at the time of writing.

Gains see TON token up by more than 10% in the past week.

Before the latest gains, Toncoin price largely traded flat over the week, with no momentum after bulls gave up ground.

Is this uptick thus going to push the altcoin to above $5? The price last hovered above these levels in early 2025.

Telegram news buoys TON price

As noted above, the main catalyst for Toncoin’s notable price surge is a series of positive news.

The vibe mostly relates to two major announcements linked to Telegram and the TON Foundation.

First, the TON Foundation revealed the appointment of Nikola Plecas as its new Vice President of Payments.

Plecas, a former Visa executive with deep expertise in crypto product innovation, is tasked with scaling TON’s payment infrastructure to cater to Telegram’s massive user base of over 1 billion.

His focus will be on enhancing interoperability, security, and scalability—key pillars for mainstream adoption of Web3 payments.

Plecas’s experience at Visa, where he shaped the company’s global crypto strategy, positions him as a pivotal figure in TON’s ambition to revolutionize payments within the Telegram ecosystem.

Why else is Toncoin’s price up today?

Also fueling optimism around TON is news that Telegram plans to raise $1.5 billion through a bond sale.

Notably, market reaction largely jumped as traders noted that Telegram’s initiative is backed by Wall Street heavyweights like Citadel and BlackRock.

That’s not all. TON is also expanding its ecosystem, integrating Ethena’s USDe and tsUSDe stablecoins for in-app savings.

Collaboration with Tether via LayerZero for a multi-chain network has also been a key development.

The post Toncoin price spikes 13% amid major Telegram-related news appeared first on CoinJournal.

Toncoin price spikes 13% amid major Telegram-related news

Source: https://coinjournal.net/news/toncoin-price-spikes-13-amid-major-telegram-related-news/