The TON Foundation is making a major move by closing the Toncoin bridge to Ethereum and Binance Smart Chain on May 10, 2025. The Toncoin bridge was launched in 2021 and helped Toncoin cross blockchains seamlessly to let users swap on Uniswap and PancakeSwap easily. Now that the TON network is more fortified and is developing its own DeFi environment, the bridge is no longer necessary. With faster and more secure options like LayerZero and Stargate available, TON is focusing fully on its native network and long-term future.
This change could have a real impact on Toncoin’s price in the short term. With liquidity moving away from wrapped TON on Ethereum and BSC, we might see some price swings as the market adjusts. Let’s break down what this shift could mean for Toncoin’s price action in the coming days.
TON Price Action Analysis of 26th April, 2025
The TON price action on a 5-minute chart on 25th April exhibits a moderate downtrend channel between 00:00 to 03:00 UTC window, pushing the price to a local low near $3.15 by around 03:00 UTC. During this slide, RSI briefly dipped into oversold regions, while MACD fluctuated with weak death and golden crosses, indicating fragile momentum. From $3.15, TON price shifted into an ascending channel, reclaiming strength and testing the $3.26 resistance area, briefly spiking to $3.28 around 07:25 UTC. However, this Toncoin breakout attempt was rejected swiftly, trapping TON within a short-lived consolidation phase.
Chart 1, Analyzed by Alokkp0608, published on April 26th, 2025.
Between 09:00 to 18:00 UTC, TON price struggled inside a tight trading range before re-entering a descending channel after 12:15 UTC. This bearish move drove the price back down to $3.18, retesting the major support zone. RSI touched oversold levels more than once during this downtrend, while the MACD consistently showed weak death crosses, signaling persistent selling pressure. Following the $3.18 support retest around 15:00–16:00 UTC, buyers propelled TON into another ascending channel, but the rally lost steam near the $3.26 resistance by around 17:15 UTC, emphasizing strong supply at higher levels.
TON Price Outlook: What Lies Ahead For Toncoin?
From 18:00 UTC through the early hours of April 26, TON price revisited the $3.18 support by 22:00 UTC. A stronger uptrend initiated with the new trading day, driving prices above the $3.26 barrier around 02:40 UTC, although it faced a quick pullback to $3.21. The recovery was swift, with a fresh uptrend forming by 05:30 UTC. RSI flashed brief overbought signals during this rebound, while MACD entered multiple golden crosses, indicating building bullish momentum. Despite repeated resistance tests, TON maintained an overall bullish channel structure heading toward 09:00 UTC.
Bullish Momentum Building but Resistance Remains Key
Toncoin’s recent price action is showing some real signs of life, with buyers stepping in to defend the $3.18 support zone again and again. A strong push above $3.26, backed by golden crosses on the MACD and quick flashes of overbought RSI, points to growing confidence across the TON Network. Still, the $3.26–$3.28 area is proving stubborn, with sellers stepping in every time TON tries to break higher.
For a sustained Toncoin breakout, the price needs to punch through $3.28 with strong volume. If not, another trip back toward $3.18 could be on the cards. For now, the trend looks cautiously bullish, and if momentum holds, the next stop could be around $3.32–$3.35. Traders should stay sharp and watch RSI and MACD for any early warning signs.
About The Author
