Toncoin holds strong at $2 support as $EV2 presale attracts growing investor interest.
Toncoin trades near the $2 support level, showing signs of recovery. Analysts eye a rebound as the Earth Version 2 (EV2) gaming token presale gains traction.
Toncoin (TON) is staying close to the area of a critical long-term support, following weeks of consecutive downward movements. The cryptocurrency is currently priced at approximately $2.08, close to a technical mark that has historically sparked long bullish waves in its market history.
Toncoin Tests Major Support on Weekly Chart
A recent weekly chart shared by DeFi Decoder on X shows Toncoin sitting precisely at its rising trendline support. The analyst noted that “the price of $TON is in the perfect place for some spot buying,” adding that the last time TON bounced from this region, it delivered a sevenfold rally over the following year.
Toncoin (TON) is testing long-term trendline support near $2.00, a region that has previously triggered strong bullish reversals(Source X)
The weekly chart shows that Toncoin has been steadily rising since its previous low, which creates a strong ascending support line. This price line has been tested several times over several months, with higher lows since early 2023. The most recent candle indicates that TON has ended above this line after temporarily falling below it, and it appears that buyers are defending the range of $1.90 to $2.00.
From its peak near $8.80 earlier this year, TON has fallen by over 75%, consolidating in the $2.00 range. A decisive weekly close below the blue trendline could open the way for deeper retracement toward the $1.50 zone, while maintaining support above it could validate the start of a new accumulation phase.
Technical Indicators Reflect Neutral Momentum
The weekly format indicates that the bearish momentum of Toncoin has slowed, with smaller candles and reduced volatility. The market has shifted its downward trends to less severe declines, which suggests that selling pressure may be diminishing.
Another aspect noticeable in the chart is that there was a significantly long lower wick by one of the earlier candles, which was down towards the $1.00 level and then immediately recovered. This kind of action tends to imply a liquidity sweep, with mass buying taking panic selling down to lower levels. This trend may lead to recovery, provided that the buying is carried on in later sessions.
TON’s RSI nearing oversold territory suggests possible exhaustion in selling pressure and potential for rebound(TradingView)
For traders observing the subsequent development, the next immediate resistance level is $3.00, and the mid-term level is $4.00. A breakout that is so far above these zones, accompanied by increased buying volume, would be an indication that bullish momentum has gained strength. On the negative side, a close lower than this week’s of less than $1.80 might nullify the bullish argument and reinvigorate the selling force.
Presale Projects Add Momentum to Market Sentiment
With the stabilization of Toncoin on the market, the focus in the crypto community has shifted to some new presale projects. Earth Version 2 ($EV2) is one of the most talked-about blockchain-based gaming projects, currently in the process of its presale.
Earth Version 2 (EV2) is set to launch on Steam, Epic Games Store, and Windows PC, with early investors eligible for a free Epic Gun Skin by joining the whitelist on the official website.
$EV2 is created as a free-to-play, open-world loot shooter that features the possibility of owning and exchanging in-game assets via blockchain. The $EV2 token, valued at $0.01 in the presale phase, enhances gameplay rewards, marketplace operations, and staking opportunities for early investors.
EV 2 by Funtico marks a significant step in integrating blockchain technology with gaming. Being the currency of the future Earth Version 2 ($EV2) game, the token powering it is a play-to-earn game economy where users can earn, buy, and own digital assets in NFT form. $EV2, powered by Avalanche to be fast and scalable, enables absolute ownership of assets, in-game transactions, and rewards driven by the community. More than a typical presale, it is a portal to crypto, as gamers can experience fun, immersive gameplay that combines entertainment and decentralized finance on a single platform.
The game will be released on key platforms, including Steam and the Epic Games Store, and 40% of the tokens will be made available for public sale. According to its developers, the ecosystem is projected to be a closed-loop economy in which in-game ability can be transferred to real-life rewards.
Outlook for Toncoin and the Broader Market
Toncoin’s position near a long-term ascending support line presents a pivotal moment for traders assessing market direction. Long-term support that exceeds the $2.00 level may mark the beginning of a recovery period targeting the $3.00 area, whereas the inability to sustain it may prolong the correction period.
The broader market, which has been boosted by the reemergence of investors into gaming-based projects such as the Earth Version 2($EV2), is showing signs of recovery. With sentiment stabilization, technical trends in various altcoins indicate that the last quarter of 2025 will see a new surge of momentum in the digital asset market.
$EV2 Presale
- Website: https://ev2.funtico.com/
- Telegram: https://t.me/EV2_Official
- X: https://x.com/EV2_Official
