Toncoin Price Don Rally 30% Because Demand Strong On-Chain
Toncoin price don jump 30% for di last month, e dey trade for $3.56 even though e small pullback. Demand for on-chain dey clear as decentralized exchange volume dey rise (from $54 M to $82 M per week), chain fees dey increase (from $98,758 to $124,112), plus stablecoin dey flow enter market wey raise di market cap from $600 M to $800 M.
Trader dem dey more active as 24-hour volume climb 3.3% to $324.8 M, open interest rise 28% to $13.61 M even tho derivatives volume small drop. Big updates for ecosystem like Binance Wallet new TON staking feature with $300 K reward pool plus $400 M fundraising from TON Foundation and Kingsway Capital don support dis rally.
Technically, Toncoin price still get support for 10-day EMA/SMA around $3.45, RSI near 67.4 and MACD positive. If e fit break above $3.62, e fit reach $3.80, but if e drop below 20-day EMA at $3.33, e fit mean say e get pullback. Traders suppose watch volume and momentum indicators for short-term turning points.
Bullish
Toncoin on-chain metrics—wey dey include DEX volume dem, chain fees, stablecoin inflows—plus di rising open interest, dey show say traders get strong belief. Ecosystem catalysts like Binance Wallet TON staking plus $400 million treasury fundraising dey reinforce fundamental demand. Technically, support for 10-day EMA/SMA plus positive MACD dey suggest say more upside fit come, if e break $3.62, e fit reach $3.80. Normally, similar upgrades for staking and big fundraising don cause sustained rallies for other tokens. For short term, make una watch momentum indicators for pullbacks, but overall sentiment remain bullish, e go support more upside if demand steady.