Toncoin (TON) Nears Symmetrical Triangle Breakout as Price Tests Key Resistance

Toncoin's price action has tightened into a symmetrical triangle pattern, signaling impending volatility. The cryptocurrency currently trades at $3.16, approaching critical resistance at $3.51. A decisive breakout could propel TON toward $4.12, while failure risks a retest of $2.93 support.

Spot market data reveals accumulating bullish pressure, with aggressive buyers dominating order flow. The 90-day Taker Buy CVD metric confirms this accumulation pattern, suggesting whales may be positioning before a potential breakout. However, weak user activity and reduced retail exposure create countervailing pressure.

Technical structure mirrors the fundamental tension - the converging trendlines indicate neither bulls nor bears have established dominance. Market participants await either a volume-backed breakout above resistance or confirmation of the broader downtrend visible on higher timeframes.