TON coin, the main cryptocurrency of the Toncoin network, has been trading steadily for the past week as the market prepares for a halving event. The lack of significant movement suggests a balanced state between buyers and sellers, while a consistent support trendline indicates a positive overall trend for Toncoin. Moreover, the recent collaboration between Telegram, connected to the TON Foundation, and Tether, a stablecoin, hints at potential growth for Toncoin's market value.

In a major announcement at the Token2049 event, the TON Foundation revealed a partnership with Tether, bringing USDT to the Ton blockchain. This integration allows Telegram users to send USDT directly via private messages, simplifying peer-to-peer transactions without the need for complex blockchain addresses or additional apps.

The addition of a stable currency like USDT could enhance the usability and attractiveness of the TON ecosystem, potentially leading to increased adoption and demand for its native token.

Currently trading at $6.495, Toncoin faces strong resistance at $7, as seen in the daily chart. If selling pressure continues, there might be a minor pullback of around 8% to test the ascending trendline at $5.88.

Despite short-term challenges, Toncoin has maintained dynamic support for over two months, providing opportunities for buyers during market corrections. Coupled with the Tether partnership and the upcoming Bitcoin halving, which is expected to have positive effects on the market, Toncoin is poised for a bullish reversal.

A post-correction rally could push Toncoin beyond the $7.65 high and towards the psychological barrier of $10.

Technical indicators suggest potential resistance levels at $7.87 and $10, with the Bollinger Band indicator showing an upward trend in Toncoin's price, indicating an active recovery.

In conclusion, the collaboration with Tether and the overall market conditions suggest a positive outlook for Toncoin, with the potential for significant growth in the near future.