Market recovery in the middle of institutional trust

The cryptocurrency market remains in turbulent territory as Toncoin (ton) demonstrates both significant volatility and remarkable resilience.

After forming a head-and-shoulder pattern with strong resistance to $ 4.15, Ton has recovered from its recent low. It now acts for $ 4.13 with a 12.5% ​​weekly gain.

This recovery comes in the midst of news that leading venture capital companies, including Sequoia, Ribbit Capital and Benchmark, gather over $ 400 million in tons signaling institutional confidence in the future of blockchain.

Tonnes of technical analysis highlights

• Price action formed a head-and-shoulder pattern with resistance to $ 4.15 and support for $ 3.60.
• The support level of $ 3.60 was violated during April 3 SALE.
• Volume analysis shows distribution phases that coincide with the price stoppers, suggesting institutional profit.
• Fibonacci Retracement indicates potential stabilization around the 0.618 level of $ 3.58.
• Cup-and-handle formation appeared during recovery with initial resistance to $ 3.58.
• A strong purchase pressure was observed during 15: 32-15: 34 and 15:58 periods.
• Price recovered Fibonacci 0.382 level of $ 3.59, which suggested potential continuation against $ 3.65.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy. This article may include information from external sources listed below when appropriate.

• Thenewscrypto, “Toncoin (Ton) Eyes $ 4 AS Bullish Momentum Builds,” opened April 3, 2025
• Cryptonews, “is this the next Solana? Toncoin’s $ 400 million VC Investment Surge -Signals Explosive UpSide,” opened April 3, 2025
• Cryptodaily, “AI predicts 12,500% winnings for remittix (RTX), 232% for chainlink (link) – but selling Toncoin (Ton), Shiba Inu (Shib) quickly,” opened April 3, 2025
• Thenewscrypto, “Toncoin (Ton) Price Presentation”, Access to April 3, 2025
• Bitcoin Sistemi, “Top Crypto Platforms: Binance Coin, Block Day, Tron, Toncoin, ready for greater growth in 2025,” opened April 3, 2025