Peter Smith
Toncoin is catching traders' attention after breaking free from weeks of consolidation below key resistance levels. The digital asset has finally escaped its descending pattern, making this breakout particularly noteworthy as the broader crypto market shows signs of recovery.
TON Price Successfully Flips Key Resistance Level
Toncoin has broken above its multi-week descending trendline, currently trading at $3.67 with a +3.15% weekly gain. The $3.52–$3.67 range, which previously capped TON's movements, is now acting as support – a classic bullish signal that suggests buying pressure has overcome selling interest.
This breakout is backed by increased trading volume and a weekly RSI of 97.02, indicating strong momentum though approaching overbought territory.
What's Next for TON Price Action?
Traders are now eyeing several key targets: minor resistance at $3.39, followed by intermediate levels at $4.21 and $4.84. The long-term target sits at $5.37, representing a macro resistance zone
The critical support remains at $3.52 – as long as TON holds above this level, the bullish structure stays intact. According to crypto traders on social media, this breakout could mark the beginning of TON's next major rally phase.
Peter Smith
