Toncoin (TON) is showing strong signs of recovery as whale inflows jump by 42%, supported by robust growth in user activity and trading volumes. These positive developments point to a possible breakout if the cryptocurrency can clear key resistance levels, potentially pushing its price above $3.28.

Whale Inflows and User Activity Fuel Optimism

Toncoin has witnessed a notable 42.45% increase in net inflows from large holders over the past week. This sharp uptick signals a shift in sentiment among whales, who appear to be accumulating during the coin’s consolidation phase. After a period of outflows, this return of significant capital could provide the liquidity foundation necessary to sustain an upward price trend.

Alongside whale behavior, Toncoin’s network fundamentals show promising growth. Transaction volumes surged by 34% this week, while new addresses increased by nearly 30%. Additionally, the number of zero-balance wallets—addresses that have been created but hold no tokens yet—rose by over 23%, indicating fresh interest and new participants entering the ecosystem.

Although active addresses saw a slight dip of 3.76%, the overall network growth metrics reflect increased engagement, suggesting that user activity and adoption are expanding steadily.

Key Price Levels and Resistance Challenges

Currently trading around $2.88, Toncoin has held firm above a critical support zone between $2.60 and $2.70. This range has acted as a reliable floor, successfully defending the price after multiple tests. However, the coin remains under pressure from a descending trendline, with resistance zones at $3.15 and $3.28 posing significant hurdles.

These Fibonacci retracement levels have capped Toncoin’s rallies over the past month. Breaking above $3.28 would mark a decisive technical breakout, potentially unlocking further gains toward $3.46 and $3.69.

Until that happens, TON’s price may continue to fluctuate within a tightening range, testing both investor patience and market conviction.

Divergence in Activity Signals Strength Beneath the Surface

Toncoin’s Adjusted Price DAA (Daily Active Addresses) Divergence recently climbed above 41%, highlighting a positive divergence where user activity is rising faster than price movement. This suggests a buildup of genuine network demand that is not yet fully reflected in the price.

Such divergence often points to underlying strength and can serve as a leading indicator of potential price appreciation. When paired with increasing wallet creation and growing whale inflows, this strengthens the case for a bullish outlook.

Derivatives Market Shows Rising Confidence

Speculative interest in Toncoin is also intensifying in the derivatives market. Trading volume surged by over 54% to nearly $95 million, while open interest—the total value of outstanding contracts—rose almost 5% to $192 million. This increased activity demonstrates traders positioning themselves for higher volatility and potential price moves.

Higher derivatives volume often precedes significant price discovery, especially when accompanied by rising open interest. With spot market support holding firm and on-chain fundamentals improving, these derivatives trends hint that traders expect a breakout scenario.

What’s Next for Toncoin?

All eyes are on the $3.28 resistance level. A clean break and sustained close above this price would mark a turning point, signaling that bullish momentum is gaining traction. Should TON clear this hurdle, it could trigger a move toward higher resistance zones at $3.46 and $3.69, areas that may serve as targets in the near term.

However, if the coin fails to break this barrier decisively, the price may remain range-bound, limiting upward potential and prolonging consolidation.

Final Thoughts

Toncoin is exhibiting a compelling combination of on-chain strength and growing market interest. The recent surge in whale inflows, paired with increasing transaction growth and expanding wallet numbers, paints a promising picture. Meanwhile, the derivatives market’s rising activity suggests that traders are gearing up for a possible breakout.

The next few days or weeks will be crucial in confirming whether Toncoin can overcome resistance and introduce into a new bullish trend. Investors and traders should watch the $3.28 level closely, as its breach could pave the way for renewed momentum and further price gains.