Toncoin remains trading steadily around the 1.60 dollar mark, showing a notably slower Toncoin recovery compared to market leaders like Bitcoin and Ether. According to a joint report published by exchange Bybit and analytics firm Block Scholes, although general sentiment in the digital asset sector is progressively improving, investor participation in alternative tokens remains cautious following recent volatility.
Hard data reveals a clear divergence in weekly performance, where the CoinDesk 20 index recorded a 6.8% increase, driven by Bitcoin surpassing 91,000 dollars. In contrast, the Telegram-linked asset barely advanced 1.2% in the same period. However, an encouraging data point is that perpetual contract funding rates have shifted into positive territory, signaling that traders are once again willing to pay to hold long positions.
Can the shift in funding rates drive a new rally?
This shift in derivatives structure marks a significant transition following a weekend characterized by aggressive short-selling across the board. Despite these technical signals pointing to a return of confidence, open interest and trading volume remain well below levels observed before the sell-off. This suggests that while fear of extreme downside has diminished, speculative capital has not yet returned with force.
For technical analysts, support near 1.59 dollars could be interpreted as the formation of a solid floor after weeks of constant bearish pressure. However, given that whales continue holding large amounts of supply without injecting significant new liquidity, the short-term price outlook depends largely on the return of risk appetite in the altcoin economy. Toncoin recovery appears to be in a consolidation phase rather than aggressive expansion.
As the narrative of a slow recovery settles in the market, the integration of tokenized stock trading on Telegram is now live. This new functionality allows users to buy and sell shares of U.S. companies like Apple and Tesla directly from their TON wallets. This added utility could act as a fundamental catalyst to reactivate demand and transactional volume within the ecosystem in the medium term.
