Toncoin Holds Strong at $300M TVL—Is This The Ultimate Long-Term Crypto Play?

Despite a broader market drop affecting many altcoins, Toncoin (TON) maintained its ecosystem activity and liquidity. TON continues to be a point of focus for long term investors with $300 Million in total value locked (TVL), and regular blockchain adoption.

Short term holders have lost, while people who kept for more than a year are still up 69% which suggests the potential long opportunity.

As of the time of writing, TON is trading at $3.55 and shows a -0.67% decrease in value over the last 24 hours and a -1.83% decrease over the past week. The circulating supply of 2.5 billion TON gives the token a market capitalization of $8.88 Billion.

TON’s Ecosystem and Blockchain Activity

TON’s blockchain ecosystem continues to show steady development, with two core components driving network activity—the masterchain and the workchain.

The block chain is a customizable block chain which is used for managing the transactions, implementing the smart contract and supporting the decentralized applications.

The activity of workchain during 2024 managed to stay stable, with some increase around phenomenon ‘Hamster Kombat’.

In contrast, the masterchain serves as the network’s central hub and, as a result, synchronizes the validators, and globally stores the blockchain state.

Recent data indicates the Masterchain is relatively consistent in its growth in consensus activity, and continues to be adopted and secured in the Network.

Toncoin Price Technical Indicators Show Bearish Momentum

Ichimoku Cloud analysis reveals that TON is still in the bearish run while the price at $3.562 is below the main resistance indicators.

According to the baseline (red) of $3.947 and the conversion line (blue) of $3.588, TON needs to go above $3.768–$4.376 to reassert a bullish turnaround.

The Relative Strength Index (RSI) stands at 36.86, meaning selling pressure is still very strong but has not yet fallen into the oversold zone.

If RSI rises above 50, this could indicate the onset of bullish momentum. Meanwhile, the MACD line at 0.035 has started off a weak bullish crossover with increasing green bars in the histogram, indicative of early recovery seeds.

Market Activity and Futures Open Interest

Coinglass further reveals that TON is experiencing a strong trading volume of 46.85 percent to $210.76 Million shows renewed market activity.

However, open interest has fallen 1.77% to $104.08 Million, an indication that speculative trading and leverage exposure are down.

Historically, TON’s futures open interest peaked above $350 Million in mid-August before steadily declining.

If open interest continues to fall, it may indicate weakening trader participation, whereas a resurgence could signal higher volatility and price movement.

Source: CoinGlass

Can Toncoin Price Maintain its Long-Term Strength?

Despite broader market declines, TON has continued to see adoption and a TVL of $300 Million. Long-term investors indeed are in profits, and TON’s network liquidity and ecosystem activity imply that TON is looking to become a likely long term crypto asset.

Technical indicators and market trends will be watched closely by traders and investors to see if there will be a breakout or further consolidation.