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Toncoin price may be on the verge of recovery with fresh support emerging as AlphaTON Capital confirmed a $30 million token purchase.
- Toncoin’s daily volume jumped 56% despite price devline.
- AlphaTON Capital bought $30M in $TON, joining Telegram’s ecosystem push.
- RSI at 22 signals oversold levels as Bollinger bands tighten near $2.60 support.
Toncoin traded at $2.66 at press time, down 4.5% over the past 24 hours. The token has shed 16% in the past week and another 16% in the last 30 days, sliding toward its lowest levels since July. $TON’s market cap stands at $6.78 billion, with a fully diluted valuation of $13.7 billion.
Daily trading volume climbed to $170.5 million, up 56% from the day before, showing more activity in the spot market even as prices slipped.
In derivatives, CoinGlass data shows Toncoin’s ($TON) futures volume up 48% to $142 million while open interest dropped 16% to $13.7 million. This suggests traders are closing positions after recent losses rather than opening fresh ones.
AlphaTON Capital adds $30M $TON
On Sept. 25, AlphaTON Capital announced the purchase of an initial $30 million tranche of $TON. The move follows more than $70 million raised through a private placement and a loan facility with BitGo Prime.
The Nasdaq-listed firm plans to grow its $TON holdings to $100 million by Q4 2025 and begin staking and validation to earn yield. AlphaTON also intends to back $TON-based apps in Telegram’s mini-app ecosystem, which now reaches over one billion users.
Led by Brittany Kaiser and Enzo Villani, AlphaTON is shaping itself as a dedicated $TON treasury. It has also formed partnerships with Kraken, Animoca Brands, and SkyBridge Capital, adding weight to its ecosystem play.
Toncoin price technical analysis
The $TON chart shows price moving along the lower Bollinger band, with the bands narrowing, often a sign that a sharp move could follow. Key support is at $2.60, while a bounce could aim for $3.00–$3.20, in line with the middle band and past resistance.
Indicators are mixed. A short-term recovery may be triggered by oversold conditions indicated by the relative strwngth index at 22 and the Williams %R close to -90. On the other hand, the MACD is still negative, and moving averages across all timeframes are tilted bearish.
If buyers defend the $2.60 level, $TON could see a rebound toward $3.00. A breakdown below that, however, might push the token closer to $2.40.