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CoinDesk 2025-06-20 14:38:44

TON Breaks $3 Barrier Amid Surging Volume, Riding Telegram's Growth

The Telegram-native cryptocurrency TON has broken through the psychologically significant $3 barrier, demonstrating robust momentum with exceptional trading volume nearly triple the period average. This surge coincides with growing interest in Telegram's ecosystem as WhatsApp begins implementing advertisements, positioning TON as a beneficiary of the shift toward ad-free, crypto-integrated messaging platforms. Despite recent volatility, TON has established strong support levels while maintaining its upward trajectory, reflecting increased institutional participation and growing adoption of Telegram's blockchain infrastructure. Technical analysis Clear uptrend formation with higher lows and higher highs, breaking through key resistance at $2.97 on exceptional volume. Strong support established at $2.94, with new support level forming at $2.982 after recent volatility. High-volume trading during the 8:00 hour saw over 3 million in volume, nearly triple the period average, suggesting institutional accumulation. V-shaped recovery pattern formed during recent volatility with high volume spikes during both selloff (75,822 units) and recovery phases (92,561 units). Successful reclaiming of the $2.995 level after correction reinforces overall bullish momentum.

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