Toncoin (TON) price has entered an exciting bullish phase, registering a strong upward movement over the past few weeks. With the daily chart now displaying a clean breakout pattern, investors are beginning to speculate whether this rally could push TON price beyond the $4 psychological barrier. Let’s dive deep into the technical chart to decode what’s really happening and what could come next.
The recent bullish price action can be attributed to a combination of market recovery, increasing Telegram ecosystem interest, and positive momentum across the altcoin sector. But more importantly, the chart tells its own story—TON price has broken above key resistance near $3.00 and is now trading around $3.18, gaining over 25% from the July lows around $2.52.
This 25% surge in less than three weeks shows strong buyer interest and institutional volume returning to the market.
The chart uses Heikin Ashi candles, which filter noise and reveal trend structure more clearly. We’re currently seeing a sequence of strong bullish candles without long lower wicks—this suggests trend strength and buyer dominance.
Key observations:
Let’s apply Fibonacci extensions based on the recent swing low ($2.52) and swing high ($3.18):
This implies a technical upside potential of ~28% from the current level if TON hits the $4.08 mark.
The RSI and Heikin Ashi trend suggest strong momentum without exhaustion. However, it's crucial to watch for:
If none of these show up, the rally may persist toward the $3.76–$4.08 zone. On the flip side, if $3.00 fails to hold as support, the correction could extend toward $2.80 or $2.52.
Given current momentum and bullish technical structure:
If TON price maintains its current trajectory, $3.76 could be hit within the next 7–10 days, and a surge to $4.08 is realistic within the next 2–3 weeks—provided the crypto market remains stable.
Toncoin is showing all the bullish signals : steady RSI growth, a clean Heikin Ashi trend, Fibonacci support, and breakout price structure. If you're eyeing a breakout altcoin this month, TON is worth watching closely. However, always manage your risk and monitor key levels.
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