- Toncoin trades at $1.62, rising 1.53% in 24 hours with volatility.
- Nexton Solutions raises $4M, led by Korean payment firm Danal.
- TON chart shows ascending trendline near $1.616 resistance zone.
Toncoin (TON) has gained fresh market attention after a 1.53% price rise in the last 24 hours. At the same time, AI-native protocol Nexton Solutions has expanded its strategic funding round to $4 million, strengthening its presence in the TON ecosystem.
Toncoin Holds Gains Near Resistance
Toncoin (TON) is trading at $1.62, reflecting a 1.53% increase in the past 24 hours, based on CoinMarketCap data. The price moved between $1.60 and $1.65 during the session, showing moderate intraday volatility.
The token has held above $1.60 despite a 10.92% drop in trading volume, suggesting continued interest. Toncoin ranks 27th by market cap, which now stands at $4.05 billion. With a circulating supply of 2.49 billion TON, the coin is drawing attention as traders watch for a breakout near a key resistance level.
Nexton Expands Strategic Round to $4 Million
In a recent Press Release, Nexton Solutions, a protocol focused on AI-powered restaking and arbitrage, has extended its strategic funding round to $4 million. The round is led by Danal, a leading regulated payment firm in South Korea. Other investors include Value Systems, Metalabs Ventures, and Kaia Foundation.
The company also secured ecosystem support from the TON Foundation, Amber Group, and STON.fi. Additional backing came from fintech and Web3 players like Outlier Ventures and PayProtocol. The partnership with Vista Labs further positions Nexton to grow within the TON ecosystem.
Minik Kim, Founder of Nexton, said, “This round shows that AI-powered restaking is moving from narrative to real infrastructure. Danal brings not only capital but real-world financial connectivity for our next phase of growth.”
Technical Setup Suggests Potential Breakout
However, analysis shared by DurovPD shows TON forming an ascending triangle, a pattern often linked to upcoming price moves. The price is nearing the $1.616 resistance zone, supported by higher lows and a strong trendline.
This technical structure has drawn interest from traders expecting a possible breakout. TON’s price has recovered steadily since its mid-November lows, monitoring the current range closely for signs of stronger movement in the coming days.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
