Toncoin (TON) Surges Past Key Resistance, Eyes $6.93 Target

Toncoin (TON), the native token of The Open Network (TON), has broken through a critical resistance level, fueling bullish momentum among traders. The cryptocurrency currently trades at $3.43, marking a 1.38% gain over the past 24 hours, while trading volume spiked 51% to $435 million. Technical indicators support the upward trend, with TON maintaining positions above both the 50-day and 100-day moving averages.

A falling wedge breakout on the weekly chart points to potential further appreciation, with analysts identifying $6.93 as the next target—a price level last observed in early 2024. The Relative Strength Index (RSI) stands at 62.6, while the MACD shows a neutral-to-bullish crossover, reinforcing positive sentiment. Market watchers are now monitoring whether TON can sustain its upward trajectory toward the next major resistance zone.