TON futures open interest experienced a significant surge of 33%, jumping from $143 million to $190 million in a single day. This upward trend signifies growing trader participation and potential market volatility, as indicated by Glassnode’s historical analysis which often links spikes in OI to price corrections. While the price has recently pulled back, this sustained increase in open interest suggests traders are actively engaging with TON futures markets. Analysts have observed this correlation between TON’s price movement and open interest, highlighting the potential for short-term market adjustments to occur. 1.21 million wallets accumulated nearly 740 million TON tokens above a crucial demand zone at $3.24. This concentration of buy orders could serve as a strong support level for TON, potentially buffering against further price declines. The demand zone at $3.24 is currently holding the TON price near $3.29, indicating market respect for this floor. Moreover, over 90% of TON supply has profited, while nearly 10% are valued at their current price level. This distribution suggests healthy market positioning and potential stability amidst market volatility. Technical analysis indicates a possible upward move in the TON/USDT trading pair, with traders anticipating an increase to between $3.70-$3.75. This breakout from a descending wedge pattern followed by reclaiming an upward trendline suggests positive movement for TON. A daily close above the $3.10 level is crucial to maintain this bullish outlook. Falling below this threshold could weaken upward momentum and negate the potential upside. The current support at $3.00 remains critical, while resistance at $3.70 marks the next significant price target. The appointment of Nikola Plecas as vice president of payments for TON Blockchain signals a strong focus on expanding payment infrastructure for Telegram’s 1 billion users. With his experience shaping Visa’s global crypto strategy, Plecas will play a key role in scaling payments for Telegram’s massive user base, paving the way for increased adoption and growth within the Web3 payment space.