TON Rallies to $1.63 After Telegram Launches US Self‑Custodial Wallet
TON price climbed from a $1.45–$1.50 support zone to about $1.63 following Telegram’s launch of a self‑custodial wallet in the United States. The wallet allows US users to send, swap and store TON, USDT, NFTs and other TON‑ecosystem assets directly inside Telegram, potentially reducing user friction and widening mainstream adoption. Technical indicators show bullish signals — an improving RSI, a bullish MACD crossover and price testing the upper Bollinger Band — suggesting higher short‑term volatility and upside potential. On‑chain metrics (per DeFiLlama) remain moderate: TVL and transaction activity have room to grow, meaning sustained price gains will likely depend on increased network usage. Key implications for traders: watch for follow‑through above the $1.63 resistance, monitor RSI/MACD and Bollinger Band expansion for volatility, and track on‑chain metrics (TVL, transactions) and Telegram wallet adoption data for confirmation of longer‑term strength.
Bullish
Telegram enabling a self‑custodial wallet in the US is a clear adoption catalyst for TON: it embeds token utility into an app with ~900M users and reduces user friction. The immediate price move to $1.63 accompanied by bullish RSI and a MACD crossover is typical of positive news‑driven rallies. Short term, expect higher volatility and further upside if price holds above $1.63 and momentum indicators remain positive. However, on‑chain metrics are still moderate (TVL and transactions), so a sustained long‑term bull run will require measurable increases in network activity and wallet adoption. This pattern parallels past events where major platform integrations (e.g., exchange listings or wallet integrations) produced quick price jumps followed by consolidation until on‑chain adoption and volume confirmed the trend. Traders should watch breakout volume, RSI/MACD confirmation, Bollinger Band expansion, and DeFiLlama metrics for validation; absent growing on‑chain usage, the move could retrace on profit‑taking.