6th September Toncoin Price Analysis: TON Jumps 4.2% After Telegram CEO’s Remarks, 108% Growth Potential

6th September Toncoin Price Analysis

Toncoin price has experienced a notable 4.2% increase following remarks from Telegram CEO Pavel Durov, who criticized the recent arrest in France as “misguided.” This development has sparked renewed interest in the Ton ecosystem, with TON posting a 7.5% gain against Bitcoin (BTC).

Holders in the Red, But Toncoin Could Shift the Trend

Data from IntoTheBlock indicates that only 9% of Toncoin holders are currently in profit at the present price of $4.81. Meanwhile, 86% are still in the red, and 5% are breaking even. Additionally, only 5% of TON wallets have held the asset for over a year, while 33% have maintained their holdings for less than a year.

The recent surge in tap-to-earn (T2E) games on Telegram’s blockchain platform may be contributing to these numbers. According to Gleb Kostarev, CEO of Blum, Telegram’s T2E games have driven the kind of mass adoption that the crypto industry has been eagerly awaiting. He also noted that half of the players involved in Telegram’s T2E ecosystem are newcomers to crypto, with no prior exposure to Web3.

Following the arrest in France, Telegram has updated its policy on reporting illegal content, with Durov acknowledging the potential presence of bad actors among the platform’s 950 million monthly users.

Despite these developments, ITB data shows that Toncoin addresses have reached new all-time highs, signaling both network and user growth—factors that may support further price increases.

In the last 24 hours, Toncoin’s price surged 4.2%, trading at $4.81 in response to Durov’s latest comments.

Price Analysis: Toncoin Eyes Potential 108% Surge Amid Positive Sentiment

TON is currently undergoing a corrective wave after a significant upward trend that saw its price peak at around $8. Following this, the price retraced to the 61.8% Fibonacci retracement level, a key support zone, now resting between the $4.5–$4.7 range. A drop below this could push the price down to the 78.6% Fib level, around $3.5.

On the other hand, the price may face immediate resistance at $7, which corresponds with the 23.6% Fibonacci level. If the bullish momentum continues, Toncoin could surge to the 27% Fibonacci extension level at approximately $10—marking a potential 108% increase from its current price.

Toncoin has been volatile in recent weeks, especially following Durov’s arrest. The price chart reveals a rounded top pattern, typically indicative of a bearish reversal. However, on-chain metrics paint a more optimistic picture, suggesting that a bullish trend may still prevail.