Toncoin (TON) Eyes $3.61 Breakout as Bullish Indicators Flash Strong Buy Signals

Toncoin (TON) is displaying strong bullish momentum, with derivatives volume exceeding $634 million and key technical indicators confirming upward movement. The cryptocurrency is now targeting a breakout above the $3.61 Fibonacci extension level, potentially opening the door for further gains toward $3.80.

Market structure favors bulls, as TON establishes higher highs and converts the Volume-Weighted Average Price (VWAP) into support. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show increasing buying pressure alongside rising open interest.

Immediate support levels are found at $3.38 (0.786 Fib) and $3.34 (0.618 Fib), which could limit any pullbacks. Current price action NEAR $3.55 demonstrates strength following a decisive break above multiple resistance zones, including the $3.44 barrier.