TON Price Breaks Above $3.49 as $558M Institutional Buy Program Fuels Bullish Momentum
The post TON Price Breaks Above $3.49 as $558M Institutional Buy Program Fuels Bullish Momentum appeared on BitcoinEthereumNews.com.
Alvin Lang Aug 17, 2025 09:28 Toncoin trades at $3.49 (+0.09%) approaching key $3.55 resistance as massive institutional investment drives 20% monthly gains and technical indicators flash bullish signals. Quick Take • TON currently trading at $3.49 (+0.09% in 24h) • TON RSI at 57.81 in neutral zone with bullish crossover potential • $558 million institutional buy program driving 20% monthly surge What’s Driving Toncoin Price Today? Toncoin is experiencing sustained upward momentum as traders eye the critical $3.55 resistance level. The TON price action has been primarily driven by a massive $558 million institutional buy program that has generated significant market confidence over the past week. The institutional investment strategy, reported on August 10th, has been the primary catalyst behind Toncoin’s impressive 20% monthly gain. This substantial capital influx has provided strong buying pressure, helping TON maintain its position above key support levels despite broader market volatility. Recent market predictions suggest TON price could break through the $3.55 resistance barrier, with technical indicators supporting this bullish outlook. The combination of institutional backing and positive technical signals has created an environment where traders are increasingly optimistic about Toncoin’s near-term prospects. TON Technical Analysis: Bullish Signals Emerge The current Toncoin technical analysis reveals several encouraging indicators for bulls. Toncoin’s daily RSI sits at 57.81, positioned in the neutral zone but showing potential for upward movement. This TON RSI reading suggests there’s still room for price appreciation before reaching overbought conditions. Toncoin’s moving averages paint a bullish picture, with the price trading above both the 7-day SMA at $3.46 and the 20-day SMA at $3.43. More importantly, TON is holding above the 50-day SMA at $3.19, indicating the medium-term trend remains positive. The MACD indicator shows mixed signals, with the main line at 0.0660…
