Toncoin (TON) Shows Bullish Momentum: Can It Break $8.24 Resistance Soon?
Toncoin (TON) is currently trading at $3.36, reflecting a 6.38% weekly increase. Analysts point to strong support levels between $7.35 and $7.37, indicating potential for further bullish movement. Projections suggest TON could exceed $8.24 in the coming months.
Trading volume has jumped to $434.63 million, a 51.49% rise in the last 24 hours. Market watchers are monitoring TON's consolidation phase, expecting a breakout. Token Talk's technical analysis reveals a bullish flag pattern on the 4-hour chart, hinting at continued upward momentum.
A successful breakout may push TON beyond the $7.45–$7.50 range, with increasing momentum for higher gains. This setup highlights growing investor confidence despite ongoing market volatility.