Toncoin (TON) Shows Strength at Key Support, Potential Rebound Ahead
Toncoin (TON) is demonstrating resilience at the $2.89 support level, indicating possible accumulation and a potential trend reversal. The cryptocurrency has stabilized following recent market-wide bearish pressure, with the $2.83–$2.89 zone emerging as a crucial demand area.
Technical indicators point to growing bullish momentum. A breakout above the psychological $3.00 barrier could spark a rally toward $3.39, with further targets at $3.60 and $3.90. Converging moving averages suggest increasing buying pressure, while sustained support and rising volume may drive TON toward higher resistance levels at $4.54.
Market analysts highlight the 200 SMA at $3.07 as a critical threshold. A decisive move above this level WOULD confirm strengthening bullish sentiment for the altcoin.
