Why Is Toncoin Rising While the Market Pulls Back?

According to the latest data, global crypto market capitalization has dropped nearly 3% in the same time frame. Yet TON remains resilient, supported by strong on-chain signals pointing to growing accumulation.

Fresh Capital and Rising Confidence: TON Shines Amid the Storm

TON’s network activity is steadily rising, indicating stronger demand for the asset. Specifically, the number of new wallet addresses and daily active users interacting with the Toncoin network has surged – a clear sign of increasing interest and engagement.

According to analytics firm IntoTheBlock, new demand for TON has grown 38% in the past seven days, signaling a fresh influx of capital—likely from new users and first-time investors.

Meanwhile, daily active addresses have jumped 51%, suggesting that current TON holders are becoming more active in their engagement with the ecosystem.

This spike in on-chain activity is helping TON maintain its price momentum, even as the broader market weakens. If this trend continues, TON could see further upside in the coming trading sessions.

Positive Sentiment: Funding Rate Signals Bullish Outlook

Notably, TON’s funding rate remains positive—currently sitting at 0.0057%—despite the broader market’s pullback. The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts, helping to keep the contract price aligned with the spot market.

A positive funding rate like TON’s means that traders holding long positions are paying a premium, indicating bullish sentiment. In other words, many futures traders expect the price of TON to rise in the near term.

Key Price Levels: Will TON Break Out or Lose Steam?

Though TON’s recent gains are modest, its ability to diverge from the wider market downturn makes it a strong candidate for further upside.

If buying pressure continues, TON could break past the resistance level at $3.49 and target the next milestone at $3.68.

However, if demand weakens, the bullish scenario may collapse, with the price potentially falling back to the support level at $3.23.