Toncoin price may be on the verge of recovery with fresh support emerging as AlphaTON Capital confirmed a $30 million token purchase.
Summary
- Toncoin’s daily volume jumped 56% despite price devline.
- AlphaTON Capital bought $30M in TON, joining Telegram’s ecosystem push.
- RSI at 22 signals oversold levels as Bollinger bands tighten near $2.60 support.
Toncoin traded at $2.66 at press time, down 4.5% over the past 24 hours. The token has shed 16% in the past week and another 16% in the last 30 days, sliding toward its lowest levels since July. TON’s market cap stands at $6.78 billion, with a fully diluted valuation of $13.7 billion.
Daily trading volume climbed to $170.5 million, up 56% from the day before, showing more activity in the spot market even as prices slipped.
In derivatives, CoinGlass data shows Toncoin’s (TON) futures volume up 48% to $142 million while open interest dropped 16% to $13.7 million. This suggests traders are closing positions after recent losses rather than opening fresh ones.
AlphaTON Capital adds $30M TON
On Sept. 25, AlphaTON Capital announced the purchase of an initial $30 million tranche of TON. The move follows more than $70 million raised through a private placement and a loan facility with BitGo Prime.
The Nasdaq-listed firm plans to grow its TON holdings to $100 million by Q4 2025 and begin staking and validation to earn yield. AlphaTON also intends to back TON-based apps in Telegram’s mini-app ecosystem, which now reaches over one billion users.
Led by Brittany Kaiser and Enzo Villani, AlphaTON is shaping itself as a dedicated TON treasury. It has also formed partnerships with Kraken, Animoca Brands, and SkyBridge Capital, adding weight to its ecosystem play.
Toncoin price technical analysis
The TON chart shows price moving along the lower Bollinger band, with the bands narrowing, often a sign that a sharp move could follow. Key support is at $2.60, while a bounce could aim for $3.00–$3.20, in line with the middle band and past resistance.
Indicators are mixed. A short-term recovery may be triggered by oversold conditions indicated by the relative strwngth index at 22 and the Williams %R close to -90. On the other hand, the MACD is still negative, and moving averages across all timeframes are tilted bearish.
If buyers defend the $2.60 level, TON could see a rebound toward $3.00. A breakdown below that, however, might push the token closer to $2.40.
