$2.59 for $TON , do you want to chase?

The founder personally stepped in, Telegram became the largest validator, network fees were cut by 6 times at once, and it surged over 100% in 7 days——but just now, the price fell back 5% from the high of $2.8, and there’s still $100 million worth of tokens to unlock on May 24.
First look at the surface: good news one after another, the price soars.
In the past 7 days, it increased over 100%, from $1.35 in early May directly to $2.8, hitting a 4-month high. 24-hour trading volume exploded to $1.5-2 billion, market enthusiasm is crazy. The candlestick chart shows: volume breakout above the $1.6 range, MA bullish alignment, MACD histogram continues to expand: bullish return, quickly back to normal.
First thing: Telegram officially All in on TON.
On May 4, founder Durov personally announced: Telegram will replace TON Foundation as the main network developer and become the largest validator, with about 2.2 million TON staked.
At the same time, network fees were cut by 6 times at once, single transaction fee dropped to $0.0005. After Catchain 2.0 upgrade, block time was compressed from 2.5 seconds to 400 milliseconds, throughput increased tenfold.
Second thing: fundamentals shift from “concept” to “reality.”
Previously, TON was criticized as “just hyping Telegram,” now Telegram Wallet transaction volume exceeds $1 billion, and Mini Apps like Notcoin, DOGS, etc., continue to explode.
Third thing: a technical signal that must be watched carefully appears.
After continuous surge, the price fell back 5% from the high of $2.8, profit-taking has begun. On May 24, another $103 million worth of tokens will be unlocked——$100 million poured in, but with insufficient buy support, can the price hold?
Key level: $2.59, only 0.2 away from key support.
Resistance above: $2.80-3.00 (psychological level) → $3.41-4.00 (next target).
Support below: $2.40-2.50 → $2.20-2.00 (breakout level + strong bottom).
Short-term traders:
Wait for a pullback to $2.40-2.50 before entering, stop loss at $2.25 (sell if broken), first target $2.80-3.00. Don’t chase high; if you buy at this level and a 5% correction hits, you won’t be able to hold and cut losses.
Swing traders:
Build positions gradually in the $2.20-2.40 range, stop loss below $2.00, target $3.5-4.5. If there’s a big drop before or after the May 24 unlock, it’s actually an opportunity to add.
Long-term believers:
TON’s core logic isn’t price, it’s users. 950 million monthly active users on Telegram, even if only 5% convert to on-chain users, that’s nearly 50 million new users. What’s the target by the end of 2026? A conservative estimate is $4-6.