Toncoin (TON) Price May Pump 60% Next Following $400M Fundraiser

Toncoin (TON) may boom in the coming weeks as it continues to outperform the broader crypto market, primarily after Telegram founder Pavel Durov departs from France. The cryptocurrency is gaining further upside momentum after its parent blockchain, The Open Network, raised over $400 million worth of funding.

TON Prepares for a 60% Breakout Move

Toncoin has broken out from an inverse head and shoulders (IH&S) pattern, a classic bullish reversal setup that could signal the end of its months-long downtrend.

The formation began in February 2025, following TON’s plunge to a low near $2.30. Since then, the token has steadily built its left shoulder, head, and right shoulder, with neckline resistance near the $3.88 level—now eyeing a breach.

TON/USDT briefly rallied above the neckline on March 27, with a strong 3.78% daily gain, closing at $3.817. Notably, the breakout coincided with a rise in daily volume and a bullish crossover of the 50-day exponential moving average (EMA), further strengthening the bullish case.

According to the pattern’s technical setup, the upside target is calculated by measuring the distance from the neckline to the bottom of the head and adding it to the breakout point. The projected target is around $6.16, up by over 60% when measured from the current prices.

Adding to the bullish momentum, the Relative Strength Index (RSI) has surged to 61.91, moving above the 50-neutral level and toward growing buying pressure. The RSI also appears to have broken a descending trendline, another signal of a potential trend reversal.

However, traders should remain cautious of potential pullbacks toward the neckline for a retest, which could validate the breakout before a continuation higher.

Immediate resistance lies near the 200-day EMA at $4.68. A decisive move above that level could open the door for a rally toward the $6.16 measured target.

TON Foundation Secures $400M in Funding

​The TON Foundation has announced that leading venture capital firms have invested over $400 million in Toncoin, The Open Network’s (TON) native cryptocurrency. Prominent investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, and Libertus Capital.

This investment is structured as direct purchases of Toncoin from early holders, rather than a traditional fundraising round.

A TON Foundation spokesperson clarified that these firms are “placing their bets on the future success and utility of the TON Blockchain, its growing ecosystem, and its potential to provide real-world utility for crypto holdings, especially within Telegram.”

The funds are earmarked to support TON’s ambitious goal of engaging over 450 million active users of Telegram, which constitutes approximately 30% of the total user base, by 2028. This investment is poised to enhance the Telegram ecosystem and accelerate the adoption of blockchain technology