Toncoin (TON) Retests Breakout Level, Eyes $3.96-$5.16 Bullish Targets

Toncoin (TON) demonstrates resilience in the crypto market despite a 2.34% daily dip, currently trading at $3.33. Weekly gains of 5.62% highlight strong bullish momentum, backed by $1.06 billion in daily trading volume and an $8.3 billion market cap.

A decisive breakout above a descending trendline—previously a key resistance level—signals a potential trend reversal. The retest of this new support zone is now crucial, with traders watching for volume confirmation to validate the upward move.

Three technical targets are in focus: $3.964, $4.648, and $5.166. Hitting these levels WOULD solidify TON’s position among top-performing altcoins. Market structure indicates accumulating pressure for a sustained rally, though the retest phase remains critical for confirming the bullish trajectory.