Toncoin’s price jumped 30% in the last week as more people got interested in its ecosystem. After Telegram founder Pavel Durov returned to Dubai, investors started feeling positive about TON’s future.
At writing, the asset is trading around $3.61, reflecting a 5% daily gain. Market analysts suggest that a key chart pattern indicates a potential breakout, fueling speculation on its next move.
What you'll learn 👉
Toncoin Price Movement and Technical Analysis
A bullish ascending triangle pattern is visible on the TON price chart, a formation often associated with upward price continuation. The horizontal resistance at $3.75 has been tested multiple times, while the ascending trendline near $3.45-$3.50 suggests steady buying pressure.
The price previously experienced a sharp breakout, followed by a consolidation phase. It has now returned to test the resistance again, increasing the probability of a breakout. If TON’s price surpasses $3.75 with strong volume, analysts predict an upward move toward $4.25-$4.50
Toncoin Market Sentiment and Crypto Community Reactions
Crypto analysts and traders have taken note of the pattern. Top analyst Crypto_Jobs highlighted the formation on X, stating:
“TON – Moonshot soon?? 🚀🚀 It looks like a clean breakout & consolidation on my line!”
The post reflects confidence in TON’s potential for further gains. The presence of rocket emojis and breakout terminology signals bullish expectations among traders.
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TON Key Levels to Watch for a Breakout
To validate a breakout, trading volume must increase as TON approaches the $3.75 resistance. If this upward trend continues, prices could reach between $4.25 and $4.50. But if the momentum stops, prices might fall back to $3.50 before trying to climb again.
Based on how Toncoin is performing and the current market mood, it looks like there’s room for more growth. Traders and investors are monitoring the ascending triangle pattern for a confirmed breakout. The coming days will be crucial in determining whether TON’s price continues its upward trajectory or faces resistance before another attempt.
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