Toncoin Surges 4.46% on $9.5M STONfi Funding Boost

Toncoin has received a significant institutional boost as its leading decentralized finance (DeFi) platform, STONfi, secured $9.5 million in Series A funding led by fintech investors Ribbit Capital and CoinFund. STONfi already dominates the TON DeFi landscape, accounting for 80 percent of all DeFi users and processing over $6 billion in total volume. The new capital will fuel the development of advanced features such as concentrated liquidity, native limit orders, and cross-chain swaps via the Omniston protocol, aiming to elevate the platform to a more professional-grade offering [1].

The price of Toncoin has responded positively, with a 4.46 percent daily increase, pushing the token to around $3.66. On the TON/USD daily chart, the asset has broken through the upper band of the Bollinger Bands, a technical indicator often associated with strong bullish momentum. The widening bands suggest increasing volatility rather than a reversal. Immediate support levels are currently at $3.27 and $2.97, while Fibonacci extensions project potential short-term price targets of $4.00 and $4.40. Sustained volume above $3.70 could further propel the price toward the $5.00 level, a prior resistance point from early Q2 [1].

Despite the bullish technical signals and institutional backing, risks remain. The success of the upcoming STONfi features and their ability to attract new liquidity will be crucial. Delays or underperformance could dampen the momentum. Additionally, TON still lags behind major blockchains like Ethereum and Solana in terms of developer activity. A sharp pullback below $3.25 could also signal a breakdown in the current uptrend [1].

While the funding and technical indicators support a potential move toward $5 in the coming weeks, it is important to note that institutional backing does not guarantee a price surge. The market will likely depend on the execution of the project’s roadmap and broader macro conditions. Investors are advised to closely monitor volume, price action, and key resistance levels, especially the $3.70 to $4.00 zone, as these will provide critical confirmation of the next potential price move [1].

Source: [1] Toncoin Just Got a $9.5M Boost: Is a Breakout to $5 Next? (https://cryptoticker.io/en/toncoin-just-got-a-dollar95m-boost-is-a-breakout-to-dollar5-next/)