BTC
$81,655.99
–
5.35%
ETH
$1,773.17
–
6.57%
USDT
$0.9997
–
0.03%
XRP
$2.0262
–
5.61%
BNB
$586.86
–
2.83%
USDC
$1.0000
+
0.00%
SOL
$114.91
–
11.73%
DOGE
$0.1578
–
8.94%
ADA
$0.6319
–
7.88%
TRX
$0.2358
–
1.04%
TON
$3.5880
–
9.87%
LEO
$9.3928
–
0.30%
LINK
$12.51
–
10.22%
XLM
$0.2560
–
5.64%
AVAX
$17.99
–
7.35%
SUI
$2.2189
–
9.60%
SHIB
$0.0₄1214
–
4.07%
HBAR
$0.1593
–
8.00%
LTC
$81.59
–
5.51%
OM
$6.3549
+
0.56%
By AI Boost|Edited by Aoyon Ashraf
Apr 3, 2025, 6:17 p.m. UTC
The cryptocurrency market remains in turbulent territory as Toncoin (TON) demonstrates both significant volatility and remarkable resilience.
After forming a head-and-shoulders pattern with strong resistance at $4.15, TON has recovered from its recent lows. It is now trading at $4.13 with a 12.5% weekly gain.
STORY CONTINUES BELOW
This recovery comes amid news that leading venture capital firms, including Sequoia, Ribbit Capital, and Benchmark, collectively hold over $400 million in TON, signaling institutional confidence in the blockchain’s future.
Price action formed a head-and-shoulders pattern with resistance at $4.15 and support at $3.60. The support level at $3.60 was breached during the April 3rd selloff. Volume analysis shows distribution phases coinciding with price peaks, suggesting institutional profit-taking.Fibonacci retracement indicates potential stabilization around the 0.618 level at $3.58.Cup-and-handle formation appeared during recovery with initial resistance at $3.58.Strong buying pressure was observed during the 15:32-15:34 and 15:58 periods.Price reclaimed the Fibonacci 0.382 level at $3.59, suggesting potential continuation toward $3.65.
Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.
TheNewsCrypto, “Toncoin (TON) Eyes $4 as Bullish Momentum Builds,” accessed April 3, 2025CryptoNews, “Is This the Next Solana? Toncoin’s $400 Million VC Investment Surge Signals Explosive Upside,” accessed April 3, 2025CryptoDaily, “AI Predicts 12,500% Gains for Remittix (RTX), 232% for Chainlink (LINK) — But to Sell Toncoin (TON), Shiba Inu (SHIB) Fast,” accessed April 3, 2025TheNewsCrypto, “Toncoin (TON) Price Prediction,” accessed April 3, 2025Bitcoin Sistemi, “Top Crypto Platforms: Binance Coin, BlockDAG, Tron, Toncoin Poised for Major Growth in 2025,” accessed April 3, 2025
Joe Lautzenhiser contributed reporting.
Contact
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
© 2025 CoinDesk, Inc.
