Toncoin (TON) Surges Past $3 Mark With Strong Volume Backing

Toncoin (TON) decisively broke through the $3 psychological barrier, showcasing technical resilience despite broader market fluctuations. The digital asset established solid support in the $2.94-$2.96 range before its upward move, successfully weathering a sharp retracement that briefly tested $2.98.

Volume metrics revealed the strength behind this rally. Two consecutive above-average volume spikes (1.87M and 1.54M TON) initiated the ascent, while a significant 2.97M volume retracement failed to break momentum. The consolidation phase formed a bullish pattern NEAR $2.985 before a final 272,668-unit volume push drove TON above $3.

While TON''s 1.5% daily gain trails the CoinDesk 20 Index''s 3.6% increase, the formation of new support at $3.00-$3.01 indicates sustained buyer interest. Technical analysts observe this price action reflects classic accumulation patterns characteristic of emerging uptrends.