Usman Salis
Toncoin (TON) has sprung back to life after defending crucial support at $3.12, with bulls now eyeing a breakout toward the $4 resistance level.
TON Price Bounces Strong From Critical Support
After testing $3.12 support, TON found strong buying interest and reclaimed its ascending trendline – exactly what bulls needed. The move fits within TON's upward channel since mid-June, with the $2.80-$3.10 demand zone providing solid support.
Currently trading around $3.47, market sentiment has clearly shifted. Bears hoping for deeper correction got rejected, while bulls are flexing their muscles again.
Can TON Price Break $4 Resistance?
The big question now – will Toncoin crack that stubborn $4 resistance? The setup looks promising with clean price action and healthy market structure.
TON shows all signs of a solid uptrend: rising highs, firm support levels, and genuine momentum. As one trader noted, the pullback "acted as fuel" for the rally. If TON punches through $4, we could see the start of something bigger, with the trend channel's upper boundary making it a natural target.
Usman Salis
