TON Coin Price Flashes Bullish Signal Amid $250M Share Buyback Program
The post TON Coin Price Flashes Bullish Signal Amid $250M Share Buyback Program appeared on BitcoinEthereumNews.com.
Key Insights: TON coin price is on the edge of a rally towards $4, says analyst. TON Strategy approves $250 million buyback to increase shareholder value. TONX stock has retreated by 3.16% to around $11.5. Crypto analyst Bobby highlighted a multi-month accumulation setup on the daily chart for Ton coin price, revealing the Telegram ecosystem token was on the edge of a rally towards $4. According to the analyst, Telegram’s 1 billion users have the potential to push Ton’s bullish narrative and help break above a key resistance level. Meanwhile, in its latest announcement, TON Strategy Company stated its plan for a $250 million stock buyback program aimed at strengthening its balance sheet and supporting its Toncoin holdings. TON Coin Price Eyes $4, Says Expert TON price has been consolidating within a symmetrical triangle pattern on the daily chart. This setup has kept the token’s price action compressed since March 2025. The formation is marked by a series of lower highs and higher lows, creating converging trendlines that point toward an imminent breakout. According to crypto analyst Bobby, TON price has successfully defended the ascending support trendline multiple times, showing strong demand pressure near the $3.00 level. Ton Price Chart | Source: Bobby, X Meanwhile, repeated rejections from the descending resistance trendline have limited upside moves, keeping TON trapped in a narrowing range. As the apex of the triangle approaches, the probability of a decisive move grows. A symmetrical triangle often denotes a continuation pattern, with breakouts occurring in the direction of the broader trend. In TON coin’s case, the preceding rally that started in late 2024 suggests a bullish bias. Using the triangle’s height, roughly $1.00 from the $2.50 support to the $3.50 resistance, the breakout target is projected to be around $4.00. A close above $3.50 would confirm the…
Filed under: News - @ September 4, 2025 4:29 pm