Toncoin (TON) Price Prediction: Resistance Test at $3.70 Could Pave Way for $4.60

[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN] Toncoin TON News - Toncoin has shown resilience after dipping below $3, with market analysts watching for a potential liquidity sweep scenario. Brief downward movements could trigger a stronger rebound, according to traders monitoring this Telegram-affiliated asset. The cryptocurrency is currently consolidating near $3.12 following rejection at the $3.45-$3.50 range. Technical patterns suggest a possible trap-reversal setup, where a temporary drop to $3.01 could liquidate weak positions before an upward reversal. "TON might flush out bears before snapping back," observes trader @navex_eth, noting that exhausted sellers often create conditions for rapid price appreciation. Critical levels frame the current technical landscape: $2.71 stands as weak support, while $3.50 presents formidable resistance. The market appears to be establishing a foundation for its next directional move, with recovery targets sequentially positioned at $3.01, $3.38, and $3.45.