Toncoin (TON) Exhibits Bullish Signals as It Nears Key Breakout Level

Toncoin (TON) is currently priced at $2.98, marking a 0.54% increase, as it continues to consolidate within a narrow range between $2.85 and $3.20. The cryptocurrency has remained range-bound for several weeks, indicating trader uncertainty following a significant drop from its April high near $4.30.

Technical analysis points to a potential breakout. The 4-hour chart shows tightening Bollinger Bands and a rising RSI at 53.49, while the MACD indicates a bullish crossover. A breakthrough above $3.00 could propel the price toward $3.20-$3.50, whereas a decline below $2.90 might trigger a drop to $2.70.

Despite subdued daily trading volume, the underlying momentum appears to be strengthening. Market participants are closely monitoring for a decisive MOVE to determine the next trend direction.