When Telegram Vaults introduced the TON Wallet, the price of TonCoin (TON) sold off.
TonWallet Vault allows users to earn on BTC, ETH and USDT. TonCoin (Ton) has been heavily oversold, trading near $1.29 at a flat rate. Key levels to watch are support at $1.23–$1.26 and support around $1.41–$2.02.
Despite Telegram rolling out its new Vault feature in Tons Pocket, the Toncoin (Ton) cryptocurrency has been falling sharply.
The launch of “Vault” in the TON Wallet allows users to access Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) products without leaving the app.
Vaults are self-sustaining, meaning that users control their private keys and assets while participating in decentralized revenue mechanisms.
This integration of decentralized finance (DeFi) with a widely used messenger app marks one of the most accessible DeFi platforms for everyday users.
The TON Wallet uses a combination of DeFi protocols to create a product behind the scenes.
Morpho provides the lender's backbone, Ton applications execute chain transactions, and Re7 manages risk and strategy design.
Users interact easily through the Telegram interface, making the process seamless and user-friendly.
Toncoin market reaction
Despite the positive news, Toncoin's market performance has come under pressure.
The cryptocurrency fell to $1.29, down 3.6% in 24 hours.
This decline is consistent with a broader market-risk-off cycle.
The overall crypto market value is down 2.43%, and sentiment remains in high fear, with the fear and greed index at 16.
In particular, altcoins are underperforming Bitcoin, and Toncoin has moved with the market.
Technical analysis of ton price
Technical indicators show 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) reads 26.42, indicating deeply oversold conditions.
Sales also increased by around 30%, showing continued pressure despite the sold-out situation.
Looking at the historical chart movements, the key support is between $1.23 and $1.30, and the Fibonacci retracements highlight this zone as crucial for a short-term recovery.
A crash could occur if buyers enter these levels, especially if Bitcoin stabilizes after its recent decline.
CoinLore analysis shows further support at $1.06 and a second zone near $0.8280.
On the downside, immediate resistance is at $1.41, $1.79 and $2.02, marking key thresholds for traders to watch.
To gauge the next move, traders should focus on high volume rejection or acceptance around the $1.26–$1.30 range.
Toncoin price prediction
By introducing Vaults, Ton now combines utility and DeFi access, which could support demand if broader market conditions improve.
If Toncoin price holds above the $1.23–$1.26 support zone, a short-term correction to the 7-day SMA at $1.33 is possible.
Otherwise, a break below $1.23 could pave the way to $1.14, with further downside to $1.06.
But the oversold RSI suggests that it may rise, although the market remains under pressure.
Clearing the $1.41 resistance on the rebound indicates strength and could push the ton to $1.79 and $2.02.
