Markets, AI Market Insights, TON, TON Coin, News WhatsApp’s ad testing drives users to Telegram, boosting TON’s ecosystem as the cryptocurrency shows impressive 140% gains in 2024.
The Telegram-native cryptocurrency TON has broken through the psychologically significant $3 barrier, demonstrating robust momentum with exceptional trading volume nearly triple the period average.
This surge coincides with growing interest in Telegram’s ecosystem as WhatsApp begins implementing advertisements, positioning TON as a beneficiary of the shift toward ad-free, crypto-integrated messaging platforms.
Despite recent volatility, TON has established strong support levels while maintaining its upward trajectory, reflecting increased institutional participation and growing adoption of Telegram’s blockchain infrastructure.
Technical analysis
- Clear uptrend formation with higher lows and higher highs, breaking through key resistance at $2.97 on exceptional volume.
- Strong support established at $2.94, with new support level forming at $2.982 after recent volatility.
- High-volume trading during the 8:00 hour saw over 3 million in volume, nearly triple the period average, suggesting institutional accumulation.
- V-shaped recovery pattern formed during recent volatility with high volume spikes during both selloff (75,822 units) and recovery phases (92,561 units).
- Successful reclaiming of the $2.995 level after correction reinforces overall bullish momentum.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More