Toncoin Price Prediction – Confluence of Bullish Factors Could Send TON to $5 Soon

Highlights:

• Toncoin is trending towards the $3.83 resistance level
• Rally through the $3.83 resistance could push the price to $5 or higher
• The release of the Telegram founder could drive such momentum for Toncoin

Toncoin (TON) is in the green on a day when most cryptocurrencies appear to be directionless. At the time of going to press, Toncoin was trading at $3.59, up by 1.04% in the day. Toncoin trading volumes are also rising by 20.64% in the day to stand at $307.86 million. 

This indicates that investors have a growing conviction that Toncoin could be headed higher, and money is flowing in to take advantage of a possible price rally. The rising excitement around Toncoin is not without basis. Several factors could have caused Toncoin to restart its rally in 2024, when it outperformed most large-cap cryptocurrencies, including Bitcoin. 

Release of Pavel Durov Could Trigger Toncoin Price Rally

While most altcoins rely on Bitcoin’s price action to rally, Toncoin proved that altcoins with strong fundamentals can do well on their own. However, its 2024 rally was cut short by the arrest of Telegram founder Pavel Durov in France.

Due to the high-risk nature of cryptocurrencies, investors pulled away their money from Toncoin, causing its price to stagnate. However, now that Durov has been released, the risk is off the table, and Toncoin’s price is rising. As investors reembrace Toncoin, the odds are high that the price could be much higher. 

Pavel Durov Free! French Authorities Return His Passport! $TON pic.twitter.com/lxglNjKAub

— Rypto (@Rypto__) March 17, 2025

Broader Market Could Push Toncoin Higher

At the same time, Toncoin could get a boost from Bitcoin’s price action. Bitcoin appears to have found strong support at $78k, holding strong above $80k. If the market has a positive interpretation of today’s FOMC decision on interest rates and Bitcoin rallies, it could positively impact the whole market.

This includes Toncoin, which has already been sending bullish signals since the release of the Telegram founder. Already, the dollar index is showing signs of a possible bullish reversal. This could indicate that the market could take a more risk-on approach, which is good for cryptocurrencies, including Toncoin. 

The FOMC today is the biggest one of our lives.

This is the moment of truth! pic.twitter.com/0bUtE2Cgm0

— Mister Crypto (@misterrcrypto) March 19, 2025

Toncoin Fundamentals Remain Strong

However, there is more to Toncoin’s rising momentum than the release of Purov and the rising Bitcoin momentum. Toncoin underpins the Ton blockchain, which has one of the fastest-growing ecosystems in the cryptocurrency space. This means the underlying demand for Toncoin will continue to rise over time, which could help drive the price higher. 

The TON ecosystem is buzzing with memecoins like @TonCatonTon – TON CAT, $REGI, Baby Lady, and $HOOD, rebellious mascots of a growing movement. As of March 17, 2025, they’re fueled by Pavel Durov’s triumphant return after his 2024 arrest in France and release in early 2025. His… pic.twitter.com/xZPshC3tob

— Killer Croc (@TaninRotzach) March 17, 2025

Technical Analysis – Toncoin Price Gaining Bullish Momentum After Rebound

Toncoin is gaining upside momentum after a strong bullish reversal at $2.53 on March 11. Toncoin is now trending towards the $3.83 resistance. If there is a strong rally through the $3.83 resistance, a rally to $5 or higher could follow in the short term. 

On the other hand, if bearish sentiment prevails across the market and pushes Toncoin back to the $2.53 support, two scenarios could play out in the day. The first is a possible consolidation between the $2.53 support and the $3.83 resistance. The second one is where bears take control and push the price through the $2.53 support. In such a case, Toncoin could drop to prices below $2 in the short term. 

Recap

Toncoin is trending towards a key resistance level that could trigger a price breakout above $5. With the release of the Telegram founder from jail and the fact that Bitcoin is sending bullish signals, Toncoin could be headed much higher.