Toncoin (TON) Holds Critical Support as Bullish Technical Patterns Emerge
Toncoin is currently trading at $3.16, experiencing a minor 0.14% daily decline alongside a significant 21.99% drop in trading volume to $346.84 million. Despite modest weekly gains of 0.74%, the cryptocurrency continues to attract attention from both institutional and retail investors as it tests key technical levels.
The asset's ascending trendlines indicate sustained bullish momentum, with the $2.87 support level serving as a crucial foundation for potential upward movements toward $5.30. Current chart patterns suggest normal market volatility rather than trend reversal, supporting the bullish outlook.
Long-term forecasts remain optimistic, with analysts projecting targets between $6.95 and $11.25 through 2025, provided structural support levels are maintained.
