Share this article
TON Rises 4.1%, Suggesting Further Upside Potential
Profit-taking is occurring, but the token has managed to keep most gains.
Jun 10, 2025, 3:35 p.m.
What to know:
- The Open Network (TON) cryptocurrency rose 4.1% in the last 24 hours, forming a clear uptrend with higher lows and highs.
- TON's price peaked at $3.39 after breaking through resistance levels on high trading volume.
- Recent consolidation near $3.35 suggests profit-taking, but the uptrend remains intact with strong support at $3.27.
The Open Network (TON) cryptocurrency has demonstrated strong momentum, rising 4.1% in the last 24 hours, according to CoinDesk Research's technical analysis model. The price action formed a clear uptrend with higher lows and higher highs, breaking through key short-term resistance levels on high trading volume before consolidating near $3.35.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding exchange coins, memecoins and stablecoins — is up 3.7% in the same period of time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Technical Analysis
• TON climbed from $3.20 to a peak of $3.39, representing a 6.03% increase.
• Price formed a clear uptrend with higher lows and higher highs, culminating in a powerful breakout.
• Trading volume spiked to 5.77M during the breakout, significantly above the 24-hour average.
• Strong support established at $3.27, confirmed by multiple bounces with above-average volume.
• Resistance at $3.33 was decisively broken on high volume, suggesting further upside potential.
• Recent consolidation near $3.35 after the rally indicates profit-taking but maintains most gains.
• In the last hour, TON experienced volatility with a 1.24% correction from $3.38 to $3.34.
• Support emerged around $3.33, tested multiple times with decreasing volume.
• Final trading period showed signs of consolidation between $3.34-$3.35, though with diminishing volume.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Galaxy Digital’s head of research explains why bitcoin’s outlook is so uncertain in 2026
Galaxy Digital’s Alex Thorn says options markets, falling volatility and macro risks make next year hard to forecast even as the firm keeps a bullish long-term view.
What to know:
- Galaxy Research, the research arm of Galaxy Digital (GLXY), says overlapping macroeconomic and market risks make bitcoin unusually difficult to forecast in 2026.
- The firm says that options pricing and volatility trends indicate that bitcoin is maturing into a more macro-like asset, rather than a high-growth trade.
- Galaxy maintains a long-term bullish outlook, projecting that bitcoin could reach $250,000 by the end of 2027.
Top Stories
