Technical analysis by AlgoVesting about Symbol TON: Buy recommendation (4/29/2025)

TONUSDT is a promising buy on the spot market, given its bullish technical structure and strong fundamentals tied to Telegram’s ecosystem. $13.29 take-profit target is ambitious but achievable in a 2025 bull run, especially with catalysts like NFT integration and Bitcoin’s rally. Only for SPOT!!Events for consideration:NFT Integration: Telegram’s launch of stickers as NFTs in April 2025 is a positive catalyst, potentially increasing TON’s utility and user engagement.Pavel Durov’s Move: Durov’s relocation to Dubai in March 2025 fueled a 50% price surge, signaling confidence in TON’s future.Market Activity: A 35% increase in open interest and 2.97 million TON traded in 24 hours (April 2025) reflect strong market interest.Crypto Market Rally: Bitcoin’s rise to $90,000 and altcoin momentum in April 2025 create a favorable environment for TON’s price growth.Bearish Risks: Negative funding rates and potential long liquidations at $2.54 (March 2025) highlight short-term volatility risks.