A major turning point has just arrived for the TON ecosystem: Telegram – the messaging app with over one billion global users – has officially integrated support for Ethereum Virtual Machine (EVM) decentralized applications (DApps), thanks to the launch of the Tac mainnet on Tuesday. This integration could significantly boost DApp adoption and attract more capital into the TON network, as it allows users to interact with blockchain-based apps directly within Telegram – no need for extra wallets or complex technical knowledge.
Will Toncoin break out or continue to consolidate?
TON has moved above its moving averages and is approaching the downtrend line of a descending triangle pattern. The 20-day exponential moving average (EMA) is starting to slope upward (currently at $2.94), and the Relative Strength Index (RSI) has surged into positive territory – clear signs that the bulls have the upper hand.
However, the bears are unlikely to give up easily. They will likely defend the downtrend line aggressively, as a breakout above it would invalidate the bearish pattern. If TON manages to break through this level, the TON/USDT pair could surge to $3.40 and possibly even $3.69 – a level not seen in recent months.
On the flip side, if the price gets rejected sharply at the downtrend line, it would signal that the bears are still selling into rallies. In this case, TON might remain stuck inside the triangle for a while longer. A drop below the $2.75 support level would give the advantage back to the sellers.
Both moving averages are now turning upward, and the RSI remains in positive territory – strong indicators that the bulls are gaining momentum. Buyers will attempt to push the price toward the trendline resistance, which will be a key battleground.
If the price pulls back from the downtrend line but bounces off the 20-day EMA, it would indicate bullish sentiment and increase the probability of a breakout. In that scenario, TON could rally to $3.40 and then target $3.50.
Conversely, a drop below the moving averages would suggest weakening bullish strength, potentially dragging the price back down to $2.90.
