- TON Wallet Vaults allows users to earn with BTC, ETH, and USDT.
- Toncoin (TON) is highly oversold and is trading near $1.29 with bearish momentum.
- The key levels to watch are support around $1.23 to $1.26 and resistance around $1.41 to $2.02.
Cryptocurrency Toncoin (TON) is facing a sharp decline, even as Telegram rolls out new Vault functionality within its TON wallet.
With the launch of TON Wallet’s “Vault,” users can earn money with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) without leaving the app.
Vaults are self-storage. This means users can maintain control of their private keys and assets while participating in decentralized revenue strategies.
The integration of decentralized finance (DeFi) into widely used messenger apps represents one of the most accessible entry points to DeFi for everyday users.
TON Wallet uses a combination of DeFi protocols to generate revenue behind the scenes.
Morpho provides the financing backbone, the TON application chain executes the transactions, and Re7 manages risk and strategy design.
Users simply interact through the Telegram interface, making the process seamless and user-friendly.
Toncoin market reaction
Despite the positive news, Toncoin’s market performance is under pressure.
The cryptocurrency fell 3.6% in 24 hours to $1.29.
This decline is consistent with increased market-wide risk-off rotation.
Cryptocurrency market capitalization has fallen by 2.43% and sentiment remains in extreme fear, with the Fear & Greed Index at 16.
Notably, altcoins have underperformed Bitcoin, while Toncoin has moved in line with the market.
TON price technical analysis
Technical indicators indicate a bearish trend.
The price broke both the 7-day and 30-day simple moving averages, confirming the downward momentum.
Additionally, the Relative Strength Index (RSI) is 26.42, indicating a highly oversold situation.
Sales volumes have also increased by nearly 30%, indicating sustained pressure despite oversold conditions.
Looking at past chart movement, the major support lies between $1.23 and $1.30, and the Fibonacci levels highlight the importance of this zone for a potential short-term rebound.
If buyers intervene at these levels, a rebound could occur, especially if Bitcoin stabilizes after its recent decline.
CoinLore’s analysis highlights additional support at $1.06 and a secondary zone around $0.8280.
On the upside, near-term resistance lies at $1.41, $1.79, and $2.02, which are important thresholds for traders to keep an eye on.
Traders should focus on a mass rejection or acceptance in the $1.26-$1.30 range to determine the next move.
Toncoin price prediction
With the introduction of Vault, TON will combine utility and DeFi access, which could support demand once broader market conditions improve.
If Toncoin price breaks above the $1.23-$1.26 support zone, there is a possibility of a short-term rebound towards the 7-day SMA of $1.33.
Otherwise, a break below $1.23 could pave the way to $1.14, with further downside potentially extending towards $1.06.
However, while the oversold RSI signals a possible rebound, caution is advised as the market remains under pressure.
In case of a pullback, clearing the $1.41 resistance would indicate strength and could push TON towards $1.79 and $2.02.
