Saad Ullah
Toncoin (TON) just pulled off an impressive comeback, rocketing up from the $2.78 support zone that had traders sweating bullets. The sharp bounce has flipped the mood from bearish to bullish, with price action now sitting pretty at $3.349 and looking hungry for more gains.
Market watchers are getting excited about a potential run toward $3.80 – a level that's been on every trader's radar since the last rally stalled out.
TON Holds the Line at Crucial Support
The bounce from $2.78 wasn't just any ordinary rebound – it showed that buyers are still willing to step in when things get dicey. This kind of support defense often signals that the bigger picture remains bullish, even when short-term volatility tries to shake out weak hands.
What's really catching attention is how cleanly Toncoin bounced off this level. No messy wicks or false breakdowns – just a solid rejection that screams "bulls are back in business."
$3.80 Breakout Could Unleash Fresh Rally
Here's where things get interesting. The $3.80 zone isn't just some random number – it's where the previous rally ran out of steam. If TON can punch through this resistance with conviction, we could see a quick sprint toward the psychological $4.00 barrier.
But here's the catch: crypto markets love to fake out traders. If momentum fizzles and TON can't hold above $3.30, we might see some profit-taking that could drag prices back down. Still, as long as that $2.78 floor stays intact, the bulls remain in the driver's seat.
The setup looks pretty clean right now – higher lows, building momentum, and a clear target ahead. Sometimes the market makes it this simple.
Saad Ullah
