Telegram’s Tac mainnet launch will allow its one billion users to directly interact with Ethereum Virtual Machine (EVM) DApps within the messenger. This move could increase DApp adoption and asset inflows into the TON network, making it more accessible to mainstream users.

TON price has risen above moving averages and is approaching the downtrend line of a descending triangle pattern. The 20-day EMA and RSI are indicating an advantage to buyers. A break above the downtrend line could push TON/USDT pair to $3.69, while a sharp downturn could keep it within the triangle.

On the four-hour chart, both moving averages are turning up and RSI is positive, giving bulls an edge. If the price bounces off the 20-day EMA after hitting the downtrend line, it could lead to a break above it and a rally to $3.40 and $3.50. A drop below moving averages may push the pair down to $2.90.

Read more at Cointelegraph.: TON’s Next Stop Could Be $3.50, Here’s Why