cryptonewsz.com
While the overall crypto market sees bullish momentum, Toncoin, a cryptocurrency used on Telegram, fell by around 3.36% on a daily chart. This comes after a spike of around 12% in the last 7 days.
$TON Blockchain Gets New Upgrade “Catchain 2.0”
The $TON blockchain activated its Catchain 2.0 upgrade on April 9 and April 10. This upgrade is aimed at changing the consensus to enhance the performance of networks. This decision was made by validators after voting on the network.
In the official post on X, Pavel Durov, founder of Telegram, announced the completion of this upgrade. This upgrade has reduced the block production time from around 2.5 seconds to 400 milliseconds. This makes the network 6 times faster than its previous version. The network speed and throughput have increased by around 10 times. This will improve the speed of payments, trades, and mini-apps available inside Telegram, just like sending a message.
The $TON blockchain just got upgraded and is now 10× faster.
Block rate increased 6×.
Transactions are now instant, subsecond.
This was step 1 of 7 to Make $TON Great Again (MTONGA).
Next step: cut the already low transaction fees by 6×.
— Pavel Durov (@durov) April 9, 2026
This upgrade has introduced a modern networking protocol called QUIC to help validators communicate easily. Durov called this the first in the 7-part “Make $TON Great Again.”
$TON blockchain is continuously expanding its reach through various developments. Last year, Chainlink expanded its Cross-Chain Interoperability Protocol (CCIP) and Data Streams to the $TON blockchain.
Toncoin Price Falls After Rejection at Major Resistance Level
At present, Toncoin is trading at around $1.30 with around 3% drop in the last 24 hours. The price has returned from the major resistance levels around $1.43 seen earlier this week.
According to previous price data, this drop is coming from the normal profit-taking events following the network upgrade. The overall daily trading volume is currently revolving around $115.25 million. According to CoinMarketCap, it holds a total market capitalization of around $3.46 billion.
According to the current price chart, Toncoin is forming a consolidation pattern inside a rectangle after breaking out of a longer falling trend line. Before this drop, the cryptocurrency had created a higher low of around $1.23, where the price rebounded between two boundaries. This is a classic pattern when buyers and sellers take a rest to determine the direction after a major price movement.
The 14-day relative strength index is currently sitting at around 43. It means that the cryptocurrency is currently in neutral territory. In other words, Toncoin is neither in the overbought nor the oversold zone.
Apart from this, Toncoin is trading above its short-term averages, which is a reflection of the current bullish momentum in the cryptocurrency market. The 7-day simple moving average is around $1.34, the 20-day at $1.27, and the 50-day at $1.29. The current price is above this level, which means that the buyers are in control right now. However, in the long-term, the 200-day moving average is around $1.69.
There is major support at around $1.23 and $1.20. These zones have stopped the downfall many times in recent price movements.
On the other hand, if the cryptocurrency gains an upward momentum, there is a first price target at around $1.46 and the next price target at around $1.51. These two are major resistance levels to watch out for, and if the cryptocurrency manages to soar above these levels, Toncoin might see a major breakout. The current bullish momentum in the crypto market, where Bitcoin (BTC) soared near $76,000, is a major signal for investors, which can trigger a rally in altcoins like $TON.
There are many major positive developments taking place in the $TON ecosystem. Recently, Grayscale has added Toncoin to the list of Assets Under Consideration for Q2 2026. This clearly means that the leading asset management company is planning to include $TON in its future products.
Apart from this, Rakuten Wallet, a Tokyo-based, registered cryptocurrency exchange subsidiary of Japan’s Rakuten Group, announced that it will add Toncoin for spot trading starting April 15 to provide easy access to its users.