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<a href="https://minority-mindset.com/ton-usd/">Toncoin</a> price stabilizes at $2 after Gram rebrand, is a rally to $3 next?

The price of Toncoin has settled around $2. This stability comes after Pavel Durov announced plans to rebrand his Gram project, which renewed investor interest and prevented the token’s price from falling further.

Summary

  • Toncoin price stabilized near $2 after Pavel Durov proposed rebranding the token to Gram and launching a community vote to change the TON ticker.
  • A double-bottom breakout above $1.92 has kept the bullish structure intact, with resistance levels at $2.11, $2.30, and $2.53.
  • Positive funding rates and rising futures activity suggest traders remain positioned for a move toward the $2.80–$3.00 zone while $1.80 support holds.

On Tuesday, Toncoin (TON) was trading at around $2.03, according to crypto.news. This followed a jump in price on June 1st, where it briefly rose above $2.20 with a nearly 19% increase, before falling back slightly.

As an analyst, I’ve been watching Toncoin closely, and we’ve seen a significant price increase recently. This seems to be driven by Pavel Durov, Telegram’s founder, suggesting a return to the token’s original name, Gram – as outlined in the 2018 whitepaper. He’s also proposed a community vote to change the TON ticker to GRAM, and this news has really energized both the spot and derivatives markets.

Trading activity for Toncoin increased significantly as the price rose, likely because traders anticipated closer ties between Telegram and The Open Network. Pavel Durov explained that the recent changes are part of a larger plan to better connect Telegram’s services with the underlying blockchain technology.

Pavel Durov announced on Telegram that TON’s main currency will be called Gram. He also stated that the network’s community will eventually vote on whether to officially change the TON symbol to GRAM.

Despite recent challenges in the crypto world, there’s growing excitement around this particular token. Bitcoin‘s price dropped below $70,000 due to worries about potential transfers from Mt. Gox and continued selling of U.S. Bitcoin ETFs. Increased tensions in the Middle East also made investors more cautious, which limited gains for many alternative cryptocurrencies.

Activity on the TON blockchain has been steady recently. The total value of assets locked into the network – around $76 million – hasn’t changed much, indicating that people are still holding their investments within the TON ecosystem even with some price fluctuations.

Telegram’s continued participation as a major validator on the blockchain is helping to limit the number of tokens readily available for sale, which offers some stability during price drops.

Double bottom breakout keeps $3 target in focus

Toncoin’s price chart is showing a bullish pattern called a double-bottom. This suggests the price found strong support around $1.75 to $1.80 in late May and has since started to rise. The price has now broken above a key resistance level of $1.92, indicating that buyers are now driving the price in the short term.

As an analyst, I’m observing that TON is currently trading positively, holding above both its 20-day moving average at $1.93 and the 50-day average around $1.77. Importantly, the longer-term 100-day and 200-day moving averages, both around $1.53, are grouping together below the current price, suggesting a solid and significant support level.

Based on recent price movements, key resistance levels can be identified. If the price rises, it’s likely to encounter obstacles around $2.11, then $2.30 and $2.53, calculated from the high of $2.91 in May down to the recent low of $1.31. If the price manages to climb above these levels, the next significant target would be around $2.90.

The Aroon Up indicator is high at over 92, while Aroon Down is around 36. This often signals that a new upward trend is becoming more established.

Loss of $1.80 support would weaken the bullish setup

Traders using derivatives markets are still optimistic after the recent rebranding. There was a significant increase in both the number of open contracts and trading volume as prices rose, and traders continue to pay a premium for holding long positions on major exchanges. This indicates that those using leverage expect prices to continue increasing, rather than anticipating a substantial drop.

Even with the positive news about its new branding, TON still faces potential price drops. If the price falls below $1.90–$2.00, it could test the previous low around $1.75.

If the price falls below this point, it would suggest the recent upward trend is over and could lead to a further drop, potentially down to around $1.53.

Currently, buyers are still in control of the market. If interest in the planned Gram transition holds and the price stays above $1.80, TON has a good chance of reaching the $2.80 to $3.00 range in the next few weeks.

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2026-06-02 16:05