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- The $TON Wallet Vaults will let users earn yield on $BTC, $ETH, and $USDT.
- Toncoin ($TON) is deeply oversold, trading near $1.29 with bearish momentum.
- The key levels to watch are the support around $1.23–$1.26 and the resistance around $1.41–$2.02.
Toncoin ($TON) cryptocurrency has faced a sharp decline even as Telegram rolls out its new Vault feature within the $TON Wallet.
The launch of “Vault” in $TON Wallet allows users to earn yield on Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT) without leaving the app.
Vaults are self-custodial, meaning users retain control of their private keys and assets while participating in decentralised earning strategies.
This integration of decentralised finance (DeFi) into a widely used messenger app marks one of the most accessible on-ramps to DeFi for everyday users.
The $TON Wallet uses a combination of DeFi protocols to generate yield behind the scenes.
Morpho provides the lending backbone, while the $TON Applications Chain executes transactions, and Re7 manages risk and strategy design.
Users simply interact through the Telegram interface, making the process seamless and user-friendly.
Toncoin market reaction
Despite the positive news, Toncoin’s market performance has been under pressure.
The cryptocurrency has dropped to $1.29, down 3.6% over 24 hours.
This decline aligns with a broader market-wide risk-off rotation.
The total crypto market cap fell 2.43%, and sentiment remains in extreme fear, with the Fear & Greed Index at 16.
Notably, altcoins are underperforming Bitcoin, and Toncoin has moved in line with the market.
$TON price technical analysis
Technical indicators show a bearish trend.
The price has broken both the 7-day and 30-day simple moving averages, confirming downward momentum.
In addition, the Relative Strength Index (RSI) reads 26.42, indicating deeply oversold conditions.
The selling volume has also increased by almost 30%, showing persistent pressure despite the oversold state.
Looking at the historical chart movements, the key support lies between $1.23 and $1.30, and the Fibonacci levels highlight this zone as critical for potential short-term rebounds.
A bounce could occur if buyers step in at these levels, especially if Bitcoin stabilises after its recent decline.
CoinLore’s analysis highlights additional support at $1.06 and a secondary zone near $0.8280.
On the upside, the immediate resistance is at $1.41, $1.79, and $2.02, marking key thresholds for traders to watch.
Traders should focus on high-volume rejection or acceptance around the $1.26–$1.30 range to gauge the next move.
Toncoin price prediction
With the introduction of Vaults, $TON now combines utility and DeFi access, which could support demand if broader market conditions improve.
If the Toncoin price holds above the $1.23–$1.26 support zone, a short-term rebound toward the 7-day SMA at $1.33 could be possible.
Otherwise, a break below $1.23 may open the path to $1.14, where further downside could extend toward $1.06.
But the oversold RSI suggest a potential bounce, although caution is advised, as the market remains under pressure.
In case of a rebound, clearing the $1.41 resistance would signal strength and potentially push $TON toward $1.79 and $2.02.