Peter Smith
While the broader market crashes, TON is showing strength with a breakout pattern targeting $5.24 and possibly even $6.86.
TON (Toncoin) Defies the Market with a Bullish Setup
As the crypto market takes a beating, one coin is stealing the show. TON, the native token of The Open Network, isn't following the crowd. While everything else is bleeding red, TON is acting like it's bull season.
Currently sitting at $3.51, TON just broke out of a massive symmetrical triangle that's been building for months. This isn't just any breakout either – it's the kind that gets traders excited. The latest daily candle pushed right through resistance, and that could be the start of something big.
What makes this even more interesting? TON is doing this while most altcoins are getting hammered. That kind of strength usually means something's brewing behind the scenes.
Toncoin (TON) Price Eyes Major Targets
The chart is painting a pretty clear picture. There are two key levels that bulls are eyeing:
- First target: $5.247 (that's the 1.618 Fibonacci extension)
- Second target: $6.863 (the 2.618 extension)
If TON can stay above that $3.60 breakout zone, these targets are definitely in play. The triangle pattern was textbook clean, and the volume is backing up the move. That's the kind of setup that makes traders take notice.
Here's the thing – TON breaking out while everything else is falling apart? That's not random. It usually means there's real buying happening, not just hopeful retail traders.
What's Next for TON (Toncoin) Price?
The breakout is still fresh, so we need to see if it's got legs. The key zone to watch is $3.50-$3.60. If buyers can defend that area, we're probably looking at a genuine move toward $5.24. But if it fails? Well, that triangle support around $3.20 is going to get tested pretty quickly.
Right now, TON is one of the few bright spots in a sea of red. Whether this breakout delivers depends on keeping the volume up and not getting dragged down by the broader market mess. But for now, the bulls have a clear roadmap – and they're not looking back.
Peter Smith
