Toncoin Bounces Near $3.20 Support as TSC Deal Nears $558M Funding

Toncoin (TON) has retreated to a critical support zone near $3.19, following a weekly decline of roughly 7% and a one-day drop of around 5%. After pulling back from the $3.70 level, the token is currently consolidating between $3.30 and $3.20, a range that has historically served as a foundation for upward price movements [1]. Analyst Naveed suggests that the current pullback aligns with a key demand area, and if the price holds within this zone, a short-term recovery could follow. A successful bounce could potentially push TON back toward $3.45 and possibly retest the $3.70 level [1].

On the technical indicators, the MACD remains below the signal line, and the histogram shows shrinking red bars, indicating that downward momentum may be slowing [1]. The RSI stands at 33, nearing the oversold threshold of 30, suggesting that buyers may soon step in to stabilize the price [1]. While not yet in full oversold territory, the RSI reading implies that a reversal could be near if the price rises above the 35 level.

A major development is unfolding in the Toncoin ecosystem as Verb Technology, a publicly traded company specializing in video technology and AI services, prepares to rebrand as TON Strategy Co. (TSC). The firm has secured $558 million through a private placement of 58.7 million shares at $9.51 per share, with the proceeds set to be used to build a Toncoin-based reserve [1]. Kingsway Capital is supporting the initiative, and the deal is expected to close on August 7, 2025. If finalized, TSC will become the first publicly traded company to hold Toncoin as a treasury asset [1].

This strategic shift reflects a growing institutional interest in Toncoin, distinguishing it from more traditional crypto assets like Bitcoin or Ethereum. The move could inject additional liquidity and credibility into the market, potentially supporting the token’s recovery [1].

Looking ahead, analysts have identified key price levels to monitor. The $3.20–$3.30 support range remains crucial. A successful defense of this zone could set the stage for a return to $3.45. However, if the price falls below $3.20, further downside to $3.02 could become a concern [1]. On the upside, a break above $3.45 would suggest renewed buying interest and could lead to a test of $3.70 again. Longer-term, the $5.30 level—aligned with a key Fibonacci extension—remains a target for bulls [1].

Source: [1] [Buy the Dip? Toncoin Hits Key Zone as Big Deal Looms](https://coinmarketcap.com/community/articles/6893102ae874124e573c79bf/)