Company Telegram US Wallet Launch Sparks The Open Network (TON) Surge to $1.63

The Open Network (TON) has shown a notable bullish move, rallying from the $1.45–$1.50 support zone to reach $1.63 after Company Telegram launched its self-custodial wallet in the United States. This price action has been accompanied by a bullish MACD crossover, an improving RSI, and proximity to the upper Bollinger Band, all of which point to increasing volatility and the potential for further upside momentum.

Technical context: The short-term breakout above the $1.63 resistance is a meaningful development for traders and analysts watching TON. The bullish MACD crossover suggests momentum has shifted in favor of buyers, while the rising RSI indicates increasing buying pressure without yet reaching extreme overbought conditions. The coin’s approach toward the upper Bollinger Band signals elevated volatility and the possibility of an expansion phase where price swings may grow larger.

Support and resistance: The $1.45–$1.50 range served as a clear support zone during the consolidation phase, providing a reliable floor for buyers. Now that TON has broken above the short-term resistance at $1.63, the next logical resistance levels to watch are near $1.75 and $1.90. On the downside, if the breakout fails, immediate support remains in the $1.50 area, with a stronger support band between $1.40–$1.45.

Volume and confirmation: For the breakout to be considered robust, traders should look for confirmation in the form of rising on-chain and spot exchange volume. A low-volume breakout is more susceptible to quick reversals. Monitor liquidity and order-book depth across major exchanges to confirm whether buying pressure is broad-based or concentrated in smaller venues.

Impact of Company Telegram’s wallet: The launch of a self-custodial wallet by Company Telegram in the US is a significant fundamental catalyst. By integrating wallet functionality with a major messaging platform, adoption tailwinds for TON may strengthen—assuming the wallet integrates TON features or facilitates token transfers. This type of product release often improves user accessibility, which can translate into increased network activity and demand.

Possible scenarios: Bull case: Sustained momentum and higher volumes push TON past $1.75 and toward $1.90–$2.00, confirming a continuation of the short-term uptrend. Bear case: The price rejects the $1.63–$1.75 zone, returns to the $1.50 support, and tests the lower $1.40 area—opening the door to consolidation or a deeper pullback.

Trading considerations and risk management: Given the increased volatility signaled by the Bollinger Bands, traders should consider tighter risk controls and avoid overleveraging. Use stop-loss levels below the $1.50 support if holding long positions, and scale position sizes to account for potential whipsaws. Diversify exposure and remain alert to macro factors that can affect crypto markets broadly.

Key takeaways: The combination of technical bullish signals (MACD crossover, improving RSI, proximity to the upper Bollinger Band) and a strong fundamental catalyst—Company Telegram launching a self-custodial wallet in the US—has driven TON above its short-term resistance at $1.63. While momentum favors further gains, traders should watch volume confirmation, key resistance near $1.75–$1.90, and maintain disciplined risk management in the face of elevated volatility.