The Toncoin (TON) network is attracting renewed investor interest following the successful launch of the TAC mainnet, which could become a game changer for Ethereum Virtual Machine (EVM) integration within Telegram. This development has the potential to send TON price to $3.50, according to early technical indicators and market sentiment.
TAC Mainnet Unlocks DApps Within Telegram
The launch of the TAC mainnet on Tuesday enables Telegram’s 1 billion users to access EVM-compatible decentralized applications (DApps) directly within the messaging app. This reduces the technical barrier for Web3 adoption, allowing seamless interaction with DeFi, NFTs, and GameFi—without needing to leave Telegram.
This could significantly increase user activity and asset inflows on the TON network.
TON Price Analysis: Can It Break $3.50?
Toncoin is currently trading near $2.81, showing signs of a bullish breakout. The token has moved above its 20-day exponential moving average (EMA) and is testing the downtrend line of a descending triangle pattern.
The 20-day EMA has started to slope upward, and the Relative Strength Index (RSI) has entered positive territory—both signs of strengthening buyer momentum.
If TON breaks above the downtrend resistance, the bearish setup will be invalidated. This could trigger a surge towards $3.40, with the next target at $3.50.
On the flip side, failure to break the downtrend line may keep TON consolidating between $2.75 and $2.94. A breakdown below the $2.75 support would indicate renewed selling pressure and potential bearish continuation.
4-Hour Chart Hints at Near-Term Bullish Edge
On the shorter-term 4-hour chart, both the 20-period and 50-period EMAs are turning upward, and RSI remains in bullish territory. This reflects immediate buying strength, with bulls targeting a breakout above the triangle.
If TON pulls back slightly but holds above the 20 EMA, it will signal strong demand at lower levels, increasing the likelihood of a breakout.
However, a drop below the EMAs would invalidate this scenario and shift the momentum back in favor of the bears.
Conclusion: Bullish Outlook Builds for TON
With the TAC mainnet unlocking EVM-based DApps on Telegram, Toncoin is poised for a potential price rally. If buying momentum continues, a breakout above current resistance levels could pave the way for TON to hit $3.50 in the short term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.