фото показано с : captainaltcoin.com

The TON price is up nearly 15% in the last 24 hours, trading at $1.47 while the broader market stays flat. That kind of move does not happen without a reason. This time, there are two big ones. First, a major network upgrade announced by Pavel Durov just made the TON blockchain ten times faster. 

Second, a falling wedge breakout on the daily chart just completed exactly as technical traders hoped. Put them together, and you get a rally with both fundamental and technical fuel.

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We had a look at the TON daily chart, and the setup is clean. The TON price had been coiling inside a falling wedge for weeks, making lower highs and lower lows inside a tightening range. That wedge just broke to the upside. 

ZAYK Charts called it perfectly, saying the breakout was done as expected and a bullish wave is coming. The chart confirms that call. Price is now trading above the wedge’s upper boundary, and volume picked up on the break.

The current TON price of $1.47 sits just above the breakout level near $1.35. That level is now the most important support on the chart. Below that, the next support sits at $1.27, which lines up with the 30-day simple moving average. The upside targets from the wedge projection point toward $1.55 as the next major resistance. A daily close above $1.50 would confirm the breakout has legs.

The fundamental catalyst here is not just hype. The TON blockchain got a core protocol upgrade that increased block speed and cut transaction finality to under one second. That is a tenfold improvement. 

For a network already integrated with Telegram, that kind of speed opens up real use cases. Payments, micro-transactions, gaming, all of it becomes smoother. The upgrade is part of a larger plan called MTONGA, which also includes proposed fee reductions.

The TON price reacted immediately to the news, and that reaction made sense. A tangible improvement to network performance is the kind of catalyst that brings in both long term believers and short term momentum traders. 

The Telegram integration narrative has been running for months, but this upgrade gives it actual technical backing. Faster network, lower friction, same massive user base.

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The near term outlook comes down to one level: $1.35. If the TON price holds above that breakout support, the next test is $1.55. That is the key resistance zone based on the chart structure. 

A daily close above $1.50 would confirm the bullish wave that ZAYK Charts expects. But there is a catch. The 7 day RSI is sitting at 71.78, which is overbought territory. That does not mean the rally is over, but it does mean a pullback or consolidation would be normal.

If the TON price fails to hold $1.35, profit taking could push it back toward the $1.27 support. That would still be a healthy retest of the broken wedge, not a trend reversal. The upgrade is real. The breakout is real. The TON price is moving on both fundamentals and technicals. That is a rare combination. 

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The post Why Is Toncoin (TON) Price Pumping? appeared first on CaptainAltcoin.

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