Toncoin Eyes $1.7 Resistance After Minor Rally, Bearish Reversal Possible
The post Toncoin Eyes $1.7 Resistance After Minor Rally, Bearish Reversal Possible appeared on BitcoinEthereumNews.com.
Toncoin (TON) has experienced a 2.6% price increase in the last 24 hours, trading at $1.53 with a market cap of $3.77 billion. This rally follows the TON Foundation’s partnership with OpenPayd for global fiat infrastructure, boosting ecosystem accessibility and potentially driving further adoption. Toncoin’s recent 2.6% gain positions it at $1.53, supported by a new fiat partnership. The 1-day chart shows bearish structure but short-term buyer advantage from rising A/D indicator. Potential upside to $1.7, though dense liquidation clusters suggest resistance and possible reversal. Discover Toncoin’s latest price rally and technical analysis amid a key partnership. Explore bullish scenarios, market trends, and trading insights for TON in 2025. Stay informed on crypto movements today. What is Driving Toncoin’s Recent Price Rally? Toncoin, the native token of The Open Network (TON), has seen a notable uptick, climbing 2.6% over the past 24 hours to reach $1.53. This movement comes on the heels of the TON Foundation’s announcement on December 16, 2025, selecting OpenPayd as its global fiat infrastructure provider. The partnership facilitates seamless fiat transactions for ecosystem partners and operations across various regions, enhancing TON’s real-world utility and accessibility for users worldwide. With a current market capitalization of $3.77 billion, this development underscores TON’s growing integration into traditional finance. How Does the TON-OpenPayd Partnership Impact Toncoin’s Ecosystem? The collaboration between the TON Foundation and OpenPayd marks a significant step toward bridging blockchain and traditional banking. OpenPayd’s infrastructure enables efficient fiat inflows and outflows, supporting dApps, wallets, and other TON-based projects in multiple currencies and jurisdictions. According to industry analysts, such integrations can reduce transaction friction and attract institutional interest. For instance, data from blockchain explorers indicates a 15% increase in TON network activity following similar past announcements, highlighting the potential for heightened token demand. Experts like those from Chainalysis note…
Filed under: News - @ December 17, 2025 5:23 pm