Toncoin (TON) Shows Signs of Major Breakout with 40% Upside Potential
Toncoin (TON) is displaying indications of a significant breakout, with analysts forecasting a potential 40% increase based on a 5-month wedge pattern. The cryptocurrency recently retested its ascending support at $3, rebounding to $3.12 as sell pressure diminished.
Market data indicates a rise in liquidity inflows and a sharp decline in outflows, reflecting growing bullish sentiment. Derivatives activity further supports this outlook, with TON’s futures open interest reaching a 3-month high—a strong signal of renewed investor confidence.