Toncoin (TON) Defies Market Downtrend with 14% Surge—Is $4 the Next Target?
Toncoin (TON) has rallied 14% against broader market weakness, now testing the $4 resistance level. On-chain metrics and technical analysis point to continued upside potential, with key liquidity support forming at $3.77 that could propel further gains.
Coinglass data shows significant Leveraged positions clustered around $3.77, creating potential for liquidations that may accelerate upward momentum. The Relative Strength Index (RSI) currently at 67.21 remains below overbought levels, indicating room for additional price appreciation.
Traders are monitoring these technical developments as TON demonstrates unusual strength during market stagnation. The altcoin's performance reflects increasing institutional attention on Ethereum-alternative layer-1 solutions.
