Toncoin’s ($TON) value has surged, with a 7.44% increase in price to $2.91, accompanied by rising user activity and transaction volume. According to CoinMarketCap, daily trading volume jumped 14.48% to $162.69 million.
The surge in Toncoin usage is linked to its association with Telegram and expanding use cases. User growth has reached new highs, with daily new users experiencing significant jumps over the past few weeks. Transaction activity also shows a rise, with both on-chain and off-chain transactions reaching multi-week highs.
Historically, steady transaction growth indicates long-term adoption and robust network health, potentially driving up prices. A recent analysis by Rose Premium Signals suggests Toncoin may be entering an accumulation phase around key support levels, indicating a buying signal for investors.
The Relative Strength Index (RSI) is near oversold territory, suggesting weakening selling pressure and a potential price increase. Three possible price targets of $5.11, $6.94, and $9.97 indicate significant potential for Toncoin’s price increase if the accumulation phase results in a breakout.
Source: https://www.banklesstimes.com/articles/2025/03/14/toncoin-ton-sees-spike-in-3-key-metrics-bullish-signal