Toncoin (TON) Surges Past Resistance as Bullish Momentum Builds
Toncoin (TON) is charting a course toward $4.00 as bullish momentum gains strength. The token currently trades at $3.61, outperforming a stagnant broader market with a 4.89% daily increase and an 8.95% weekly jump. Market capitalization now sits at $8.73 billion, while trading volume shows a slight dip to $587.24 million—a misleading indicator given rising open interest and strong investor conviction.
Technical indicators support the upward trend. TON is testing range highs, supported by moving averages and a 60.60 RSI reading that indicates potential for further gains. The MACD's bullish crossover reinforces continuation signals. This standout performance contrasts sharply with the subdued activity seen across most other cryptocurrencies.