Toncoin is quietly building momentum while many other cryptocurrencies struggle with volatility. The token's ability to hold above its key support zone has caught traders' attention, especially as the broader crypto market shows signs of recovery.
TON Price Finds Solid Ground Above $2.40 Support
TON has been holding steady above the critical $2.40–$2.70 support range, showing impressive strength despite recent market turbulence. The price recently climbed to $3.50, posting a solid 4.72% daily gain that has bulls feeling optimistic about what's coming next.
What's particularly encouraging is how the Relative Strength Index sits near 50, suggesting there's plenty of room for upward movement without hitting overbought territory. This support zone has proven its worth multiple times, acting as a reliable launching pad for previous rallies.
$5.50 Target Comes Into Focus as Bulls Take Control
If the current buying pressure continues, TON could realistically challenge the $5.00–$5.50 resistance zone in the coming weeks. That would represent a massive 60% gain from current levels – the kind of move that gets crypto traders really excited.
Technical analysis from @unichartz shows a textbook example of resistance turning into support, which is exactly what you want to see in a healthy uptrend. The chart pattern suggests buyers have firmly taken control, setting the stage for another significant move higher.
However, traders need to keep one eye on that $2.40 level. A close below this crucial support would completely change the narrative, potentially opening the door for a deeper correction that nobody wants to see.
The $2.70–$3.00 zone is now acting as the perfect springboard for TON's next major move, with most technical indicators pointing toward that juicy $5.50 target that has everyone talking.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
TON Coin Price Defies Market Volatility: Bulls Target Massive 60% Rally to $5.50
Toncoin is quietly building momentum while many other cryptocurrencies struggle with volatility. The token's ability to hold above its key support zone has caught traders' attention, especially as the broader crypto market shows signs of recovery.
TON Price Finds Solid Ground Above $2.40 Support
TON has been holding steady above the critical $2.40–$2.70 support range, showing impressive strength despite recent market turbulence. The price recently climbed to $3.50, posting a solid 4.72% daily gain that has bulls feeling optimistic about what's coming next.
What's particularly encouraging is how the Relative Strength Index sits near 50, suggesting there's plenty of room for upward movement without hitting overbought territory. This support zone has proven its worth multiple times, acting as a reliable launching pad for previous rallies.
$5.50 Target Comes Into Focus as Bulls Take Control
If the current buying pressure continues, TON could realistically challenge the $5.00–$5.50 resistance zone in the coming weeks. That would represent a massive 60% gain from current levels – the kind of move that gets crypto traders really excited.
Technical analysis from @unichartz shows a textbook example of resistance turning into support, which is exactly what you want to see in a healthy uptrend. The chart pattern suggests buyers have firmly taken control, setting the stage for another significant move higher.
However, traders need to keep one eye on that $2.40 level. A close below this crucial support would completely change the narrative, potentially opening the door for a deeper correction that nobody wants to see.
The $2.70–$3.00 zone is now acting as the perfect springboard for TON's next major move, with most technical indicators pointing toward that juicy $5.50 target that has everyone talking.