Date: Wed, April 02, 2025 | 05:20 AM GMT
The cryptocurrency market is showing mixed performance as today, U.S. President Donald Trump is expected to impose reciprocal tariffs on all countries.
Meanwhile, in the altcoin market, EOS (EOS) is gaining traction with impressive gains of over 17% in the last 24 hours and a solid 38% weekly rally, which comes after significant technical moves. On the other hand, Toncoin (TON) is trading in the red but hinting at a potential similar move to EOS.
Source: Coinmarketcap EOS (EOS)
EOS has gained bullish momentum after its falling wedge breakout , which occurred recently on March 18 when it surpassed its resistance trendline at $0.51.
EOS (EOS) Daily Chart/Coinsprobe (Source: Tradingview) Following some consolidation, EOS saw a jump above the resistance of the 50-day moving average (MA) and $0.68, which led to a solid move today above its key 200-day MA resistance. This breakout became the main catalyst behind today’s pump, sending its price higher by 20% to the resistance of $0.81. Currently, EOS is trading around $0.80.
From here, if EOS manages to move above this critical resistance zone of $0.81-$0.82, it could lead to an extended rally toward the next upside resistance zone of $1.03. This would represent a further 28% increase from its current price level.
Toncoin (TON)
TON appears to be following a similar path to EOS, as it also made a falling wedge breakout on March 19. This breakout saw TON move above its resistance trendline and the 50-day moving average (MA) at $3.55.
Toncoin (TON) Daily Chart/Coinsprobe (Source: Tradingview) This move triggered an upside rally, pushing TON to $4.00, where the next crucial resistance stands at the 100-day MA, around $4.29—a level very similar to EOS’s breakout setup. A confirmed breakout above this level could solidify a recovery and uptrend, potentially propelling TON toward its next resistance zones at $4.91 and $5.84. This represents a potential 47% upside from current levels if bullish momentum sustains.
Final Thoughts
Both EOS and TON have shown signs of strength after breaking out of their falling wedge patterns. EOS has already confirmed its bullish momentum by breaking above the 200-day MA, while TON is still testing its 100-day MA resistance. If TON follows EOS’s path, it could be poised for a similar rally in the coming days.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
