Usman Salis
Toncoin (TON) is showing remarkable strength while most cryptocurrencies stay trapped in sideways action. The price has defended a critical support zone with impressive precision, and the ongoing consolidation near resistance suggests supply pressure is weakening. This type of setup typically signals an incoming major breakout.
Chart Analysis
TON's chart reveals a compelling structure. Support sits firmly at the $2.40–$2.60 zone, which has been tested and successfully defended multiple times. Resistance forms around a descending trendline near $3.00–$3.20.
As trader Marcus Corvinus points out, should buyers push through $3.20 decisively, the potential target could reach $5.00 and beyond. Should buyers push through $3.20 decisively, the potential target could reach $5.00 and beyond.
This pattern resembles a classic descending triangle squeeze where each successful defense of support weakens sellers and builds mounting pressure for an explosive upside move.
Bullish Factors
Several factors support TON's bullish case: adoption continues expanding as Toncoin integrates deeper into Web3 ecosystems, wallets, and payment channels, sentiment remains surprisingly resilient despite broader crypto volatility showing persistent buyer demand, and supply appears to be fading as evidenced by declining downside volume suggesting sellers are losing their grip on the market.
Price Targets
If bulls can engineer a decisive break above $3.20, momentum traders will likely flood in, potentially triggering a substantial rally. While failure to break resistance might lead to another test of the $2.40 support zone, the overall technical setup remains tilted toward the upside.
Usman Salis
