Toncoin ($TON) Crypto Forecast: Down 5.6% Today

What is Toncoin?

TON is a cryptocurrency token currently demonstrating a bearish trend in the market. Volatility is evident in the cryptocurrency market today, with some altcoins experiencing notable price surges.

Why is Toncoin going down?

TON crypto is down 5.6% on May 29, 2025 12:20

• The bearish movement of TON may be linked to uncertainties surrounding a significant $300M xAI agreement involving Telegram, which has instilled caution among investors, resulting in selling pressure.
• Despite the initial surge of altcoins like TON, the market sentiment turned negative following Elon Musk's denial of the Telegram-Grok deal, possibly influencing TON's price in a downward direction.
• Warnings issued to TON traders to avoid succumbing to the fear of missing out (FOMO) hint at a potential lack of robust fundamental support for TON's recent price fluctuations, suggesting an upcoming correction.
• While Bitcoin's price remained stable at around $108K, TON's bearish trend suggests it struggled to sustain the positive momentum witnessed in other altcoins like UNI, eventually facing selling pressure.

TON Price Chart

TON Technical Analysis

TON News

TON Jumps by 8% Daily as BTC Price Maintains $108K (Market Watch)

TON Jumps by 8% Daily as BTC Price Maintains $108K (Market Watch)

https://cryptopotato.com/ton-jumps-by-8-daily-as-btc-price-maintains-108k-market-watch/

Telegram in Limbo Over $300M xAI Deal – What’s The Holdup?

Telegram in Limbo Over $300M xAI Deal – What’s The Holdup?

https://cryptopotato.com/telegram-in-limbo-over-300m-xai-deal-whats-the-holdup/

Toncoin traders must curb the FOMO – Here’s why a breakout could fail!

Toncoin traders must curb the FOMO – Here’s why a breakout could fail!

https://ambcrypto.com/toncoin-traders-must-curb-the-fomo-heres-why-a-breakout-could-fail/

Top 3 Gainers SPX, UNI, and TON: Altcoins record double-digit surge, ignoring Bitcoin’s pullback

Top 3 Gainers SPX, UNI, and TON: Altcoins record double-digit surge, ignoring Bitcoin’s pullback

https://www.fxstreet.com/cryptocurrencies/news/top-3-gainers-spx-uni-and-ton-altcoins-record-double-digit-surge-ignoring-bitcoins-pullback-202505290334

Elon Musk Denies Telegram-Grok Deal After Durov’s Post, Toncoin Reacts

Elon Musk Denies Telegram-Grok Deal After Durov’s Post, Toncoin Reacts

https://beincrypto.com/elon-musk-telegram-grok-deal-denied-toncoin-drops/

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Toncoin Price History

28.04.2025 - TON Crypto was up 14.0%

• TON surged by 15% and overtook Shiba Inu, showcasing strong bullish momentum in the market.
• The appointment of former Visa executive Nikola Plecas to lead the global payment strategy at TON Foundation likely boosted investor confidence in the project's potential.
• Elon Musk's involvement in a $300 million deal possibly contributed to the overall positive sentiment in the cryptocurrency market, benefiting TON as well.
• Breaking the $3.35 resistance level indicates growing investor interest and raises speculation about TON potentially reaching $4.00 in the near future.

28.04.2025 - TON Crypto was up 5.1%

• The bullish movement of TON could be attributed to the positive sentiment surrounding the token, as highlighted by the ongoing TON Station Daily Combo events that are engaging the community and potentially attracting new investors.
• The analyst's update on various cryptocurrencies, including TON, may have provided a positive outlook on the token, leading to increased buying interest and driving the price higher.
• The overall excitement in the cryptocurrency space, as evidenced by events like the CRYPTO RAVE by EVAA, could have created a bullish atmosphere for TON and other digital assets.

28.04.2025 - TON Crypto was up 18.8%

• The surge in Toncoin's price by over 20% can be attributed to the positive news surrounding the token and its ecosystem.
• The expansion of Undeads with 2 more games built on TON might have contributed to increased interest and utility of the token, driving up its value.
• Telegram's successful $1.5 billion bond sale despite the CEO's legal battle in France could have instilled confidence in TON investors, leading to a bullish market movement.
• The promotional activities like the TON Station Daily Combo and TapCoin Daily Bounty Card Combo could have also created excitement and engagement within the TON community, further boosting the token's price.

28.04.2025 - TON Crypto was up 13.6%

• Hiring of a Visa veteran to lead TON's global payments push indicates a strategic move towards expanding its utility and adoption, which could have boosted investor confidence.
• The significant price surge of TON amidst reports of a deal between Telegram, Musk, and xAI, as well as a $1.5 billion bond sale, likely generated excitement and attracted more investors to the token.
• Being highlighted in the top crypto predictions for June 2025 showcases positive sentiment and future potential for TON, contributing to the bullish movement.
• The competition among cryptocurrencies like BlockDAG, Litecoin, and Filecoin for the top-performing spot might have indirectly benefited TON, as the overall positive sentiment in the crypto market lifted various tokens, including TON.

28.04.2025 - TON Crypto was up 16.0%

• TON's bullish movement can be attributed to the positive news of an ex-Visa executive joining the TON Foundation, instilling confidence in the project's future.
• Breaking the $3.35 resistance level indicates strong buying momentum and potential for further price appreciation, with $4.00 being the next psychological target.
• The surge in TON's price by over 20% is likely fueled by a combination of positive market sentiment, the addition of new games built on the TON platform, and a lucrative partnership between Telegram and Elon Musk's xAI.
• The partnership between Telegram and xAI, along with the $300M deal to integrate Grok into the messaging app, has further boosted TON's value, showcasing the positive impact of strategic collaborations on cryptocurrency prices.

28.04.2025 - TON Crypto was up 10.7%

• TON showed significant upward movement today even after recent developments involving Elon Musk and xAI/Telegram, demonstrating its ability to withstand market uncertainties.
• The appointment of a former Visa executive to spearhead TON's global payments initiative likely played a role in bolstering positive market sentiment, highlighting the token's dedication to expanding its utility and adoption.
• The announcement of a $1.5 billion bond sale, coupled with favorable market conditions for cryptocurrencies, may have sparked investor interest in TON, leading to a surge in its price.
• TON's position as one of the top performing cryptocurrencies reflects increasing investor confidence in its potential and long-term sustainability, contributing to its upward trend.

23.04.2025 - TON Crypto was down 5.1%

• The bearish movement in TON today could be attributed to the lack of significant updates related to the token.
• The focus on other cryptocurrencies like TapCoin and Web3 ai may have diverted attention away from TON, leading to a decrease in demand.
• The repetitive nature of the TON Station Daily Combo without any major developments might have caused a sense of stagnation among investors, prompting some to sell off their positions.
• The absence of any bullish catalysts or positive sentiment surrounding TON could have contributed to the downward price movement of the token.

28.04.2025 - TON Crypto was up 12.7%

• TON's surge can be attributed to the reported Telegram Musk xAI deal and the $1.5 billion bond sale, indicating strong investor confidence in the token.
• The news of TON dethroning Shiba Inu after a 15% rally showcases a shift in market sentiment towards TON as a potential top-performing crypto asset.
• The addition of former Visa executive Nikola Plecas to the TON Foundation to lead global payment strategy could have boosted investor optimism in TON's long-term potential.
• TON's competition with other cryptocurrencies like BlockDAG, Litecoin, and Filecoin for the top-performing spot indicates a competitive market landscape where TON is emerging as a strong contender.

29.04.2025 - TON Crypto was up 11.9%

• TON experienced a strong bullish movement today, likely fueled by positive news and market sentiment.
• Speculation regarding a potential $1.5 billion bond sale and the hiring of a Visa veteran to lead global payments push may have boosted investor confidence in TON despite initial concerns caused by Elon Musk's denial of a deal with Telegram-Grok and xAI.
• The overall positive sentiment in the cryptocurrency market likely played a role in TON's surge in price.
• TON's bullish movement today appears to be influenced by a combination of positive developments and market optimism.

29.04.2025 - TON Crypto was up 11.3%

• TON experienced a strong bullish movement due to the overall positive sentiment in the altcoin market.
• The conflicting information about the xAI deal and Elon Musk's involvement created uncertainty, leading to some price fluctuations.
• Traders' FOMO (fear of missing out) could have initially driven the breakout, but caution is advised as highlighted in the discussions.
• Elon Musk's denial of the Telegram-Grok deal may have caused a temporary dip in TON's price, showcasing the influence of external factors on cryptocurrency movements.

29.04.2025 - TON Crypto was down 5.6%

• The bearish movement of TON may be linked to uncertainties surrounding a significant $300M xAI agreement involving Telegram, which has instilled caution among investors, resulting in selling pressure.
• Despite the initial surge of altcoins like TON, the market sentiment turned negative following Elon Musk's denial of the Telegram-Grok deal, possibly influencing TON's price in a downward direction.
• Warnings issued to TON traders to avoid succumbing to the fear of missing out (FOMO) hint at a potential lack of robust fundamental support for TON's recent price fluctuations, suggesting an upcoming correction.
• While Bitcoin's price remained stable at around $108K, TON's bearish trend suggests it struggled to sustain the positive momentum witnessed in other altcoins like UNI, eventually facing selling pressure.

29.04.2025 - TON Crypto was up 9.4%

• TON surged as altcoins outperformed Bitcoin, indicating a shift in investor interest towards alternative cryptocurrencies.
• The denial of a deal between Telegram-Grok by Elon Musk had a positive impact on TON, showing resilience in the face of market uncertainty.
• Hiring a Visa veteran to lead global payments push boosted confidence in TON's potential for mainstream adoption and increased utility.
• Positive predictions for TON in 2025 also contributed to the bullish sentiment surrounding the token, attracting more investors seeking long-term growth opportunities.