This Crypto Is Having a Midlife Crisis – Will It Rise or Totally Faceplant? 🤔

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Toncoin, aka TON (because overcomplicating names is very 2025), is stumbling around at $2.72 like your least favorite cousin trying to start a TikTok “career.” Its current vibe could be best described as: “I might crash to $1.50, or I could climb to $6. Who really knows? 🚀 or 💥?”

Let’s start with the basics. TON’s 24-hour volatility is a modest 1.2%, which is less dramatic than your neighbor’s outdoor Christmas decorations in March. Meanwhile, its market cap is sitting at a breezy $6.74 billion, enough to buy every avocado toast served in Brooklyn for the next decade.

TON has formed something fancy called a “bearish channel.” If you’ve ever attempted parallel parking while texting, you’ve essentially mastered this technical analysis pattern. The gist: the price is making lower highs and lower lows, and everyone involved is pretending this is totally normal.


Bullish and Bearish Targets for Toncoin (TON)

Currently, TON is flirting with $2.66, which is basically the lower boundary of its descending channel. If it breaks above $3, the expected target could skyrocket to $3.80 or $4. Honestly, it’s like rooting for your friend who’s trying to get back with their ex — possible, but you’ll need some serious proof first.

Now, let’s talk downside. If TON can’t hold above $2.50, we’re talking a potential nosedive to $1.50. Basically, this coin is living the crypto equivalent of “my dog ate my homework.”

Supply on Exchanges

Apparently, 140,000 TON tokens recently moved to exchanges, which is crypto-speak for “investors might ditch this party.” Expect some serious selling pressure. Ali Martinez, aka chart whisperer, dropped this gem:

Over 140,000 #Toncoin $TON have been moved to exchanges in the past week!

— Ali (@ali_charts) March 11, 2025

If this trend keeps up, TON might be heading for the dreaded $2.50 mark faster than bad karaoke clears out a bar on a Friday night.

Toncoin Blockchain Growth

Surprisingly, the blockchain is thriving, even if the price chart looks like someone tried to play darts blindfolded. Over 3.1 million wallets were activated recently, and daily active wallets are now numbering between 170,000 and 590,000 — or about as many people who pretend they understand blockchain technology at office parties.

Monthly trading volume? A casual $500 million to $700 million. Weekly transactions? Between 20 million and 30 million, which, if counted in excuses I’ve given to avoid the gym, is about right.

Meanwhile, Manuel “Manny” Stotz, TON’s new president, is leading its growth in the United States. Fun fact: Manny also founded Kingsway Capital — which sounds like the name of a soap opera villain but is actually a legit crypto investment firm. Go, Manny. 👍

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2025-03-12 23:53