adminIn recent developments, toncoin whales have accumulated over 189,700 TON in three months. Heavy accumulation comes as TON activates the Catchain 2.0 upgrade. TON price rose to intraday highs of $1.32, could eye $1.89-$2.40 next. Toncoin (TON), the cryptocurrency token of the Telegram-supported TON Blockchain, is trading higher on the day amid signs of renewed investor interest. On Friday, the Toncoin price hovered at $1.30 as large holders, or “whales,” scooped up more tokens. The accumulation comes amid a tentative broader market recovery. Toncoin price tests $1.30 zone amid whale accumulation Toncoin’s price has climbed 4% in the past 24 hours, hovering near the critical $1.30 resistance zone. The token reached an intraday high of $1.32 during the Asian trading session. Buyers helped push trading volume up, with the metric spiking 104% as of writing to $160 million, marking a 45% increase from the previous day’s average. This uptick arrives as Bitcoin holds above $71,000 amid bets on a new leg to $80,000. Notably, TON’s momentum aligns with this backdrop, particularly as the network’s 100 largest whale addresses have collectively scooped up an additional 189,730 $TON over the past three months. This accumulation persists despite broader market headwinds. Analysts at Santiment highlighted what’s likely bullish in a post: “Even with the #29-ranked coin in crypto losing two-thirds of its market cap since its local top in early August 2025, this heavy accumulation is a promising sign that a relief rally may come quickly once crypto markets finally turn the page from this bear cycle.” Whale activity often points to fresh confidence in a project, and the aggressive buying shows interest in Toncoin’s underlying ecosystem. The token is tied to the Telegram-integrated TON blockchain, which continues to expand through decentralized applications and mini-apps. TON price is looking to bounce higher as the community cheers the Catchain, an upgrade designed to boost network throughput and block processing capacity. In a post on X, Telegram CEO Pavel Durov commented on how bullish this upgrade is for Toncoin, noting that it marks the first step in a 7-stage Make TON Great Again (MTONGA) vision. The TON blockchain just got upgraded and is now 10× faster. Block rate increased 6×. Transactions are now instant, subsecond. This was step 1 of 7 to Make TON Great Again (MTONGA). Next step: cut the already low transaction fees by 6×. — Pavel Durov (@durov) April 9, 2026 What’s next for Toncoin price? Such large-scale buying often precedes price reversals, as these investors position for potential rebounds. Toncoin’s technical picture indicates that the price remains entrenched in a downtrend that began in June 2025, when it peaked above $8.20. Persistent selling has resulted in a 84% decline in its value. Toncoin price chart by TradingView Bulls are not out of the woods yet, but a decisive break above $1.35 could ignite fresh upside momentum. In this case, a potential target in a fresh rally would be the next resistance cluster around $1.89-$2.00. Significant supply pressure could follow at $2.40, an area of prior profit-taking deals. Conversely, if sellers regain control, primary support levels beckon at $1.15. A drop below $1.00 could accelerate selling toward $0.85, the multi-month low. The post Toncoin jumps near $1.30 as whale buying fuels breakout hopes appeared first on CoinJournal.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
Original source: link
