TON's Dramatic Volatility Signals Market Uncertainty

Market Recovery Amid Institutional Confidence 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. 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. TON Technical Analysis Highlights 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, 2025 CryptoNews, “ Is This the Next Solana? Toncoin’s $400 Million VC Investment Surge Signals Explosive Upside ,” accessed April 3, 2025 CryptoDaily, “ AI Predicts 12,500% Gains for Remittix (RTX), 232% for Chainlink (LINK) — But to Sell Toncoin (TON), Shiba Inu (SHIB) Fast ,” accessed April 3, 2025 TheNewsCrypto, “ Toncoin (TON) Price Prediction ,” accessed April 3, 2025 Bitcoin Sistemi, “T op Crypto Platforms: Binance Coin, BlockDAG, Tron, Toncoin Poised for Major Growth in 2025 ,” accessed April 3, 2025