Core Viewpoint - Toncoin (TON) has shown a modest gain of 1.6% to $1.64, underperforming the broader cryptocurrency market which rose nearly 3% as measured by the CoinDesk 20 index, ahead of the U.S. Federal Reserve's interest rate decision [1]. Group 1: Market Performance - Trading volume for TON fell by 6.91% below the seven-day average, indicating weak participation from both institutional and retail traders [2]. - During intraday trading, TON fluctuated between $1.6175 and $1.6437, briefly surpassing the $1.6660 resistance before retreating, with a total price range of 4.9% for the day [3]. Group 2: Technical Analysis - Technical indicators suggest that higher lows are forming around $1.61 and $1.63, indicating a slow base-building phase for TON [4]. - Without a significant increase in trading volume or stronger market sentiment, TON remains rangebound between support at $1.6099 and resistance near $1.69 [4]. Group 3: Recent Developments - The price of TON increased earlier in the month following the rollout of Cocoon, a decentralized AI computer network integrated with Telegram, and the launch of the ston.fi DAO, a governance platform for TON DeFi users [4]. - Traders are closely monitoring the Federal Reserve's announcement, as a surprise hawkish tone could limit gains across risk assets, including TON [5].