The Toncoin (TON) price has reached a crucial support level of around $4.8 amidst the ongoing crypto correction. The cryptocurrency has been forming a potential bullish continuation pattern, rebounding from the 50-weekly Simple Moving Average (SMA) and showing a symmetrical descending triangular pattern. The TON blockchain has seen significant growth, with over $1 billion in stablecoins and $247 million in total value locked (TVL) in DeFi projects. The success of the Toncoin network is attributed to Telegram's mini apps, which have led to over 5 million daily active users. Telegram itself has achieved annual profitability and reported over $1 billion in revenue for the first time. The TON price is potentially preparing for a major breakout, with a potential bull run beyond $10 in 2025. However, from a bearish perspective, the price could retest a support level at $4.44 before reaching a new all-time high in the first half of 2025.



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