Toncoin (TON) has increased by 2.6% over the past 24 hours, reaching $1.53, with a market capitalization of $3.77 billion. This uptick follows the TON Foundation's recent partnership with OpenPayd to enhance fiat infrastructure, potentially driving the short-term price rally. Despite this, TON is encountering resistance in the $1.6–$1.7 range, with technical indicators suggesting bearish momentum. A breakthrough above $1.7 could see TON targeting Fibonacci levels at $1.89 and $2.01. However, current weak demand indicates a potential price reversal. Toncoin remains a notable altcoin to monitor, given its mixed on-chain activity and recent developments.