Toncoin Primed for $3.61 Surge as RSI & MACD Flash Bullish – Derivatives Volume Explodes

Toncoin isn’t just knocking on resistance—it’s kicking the door down. With RSI and MACD screaming buy, the $3.61 breakout could be imminent. Derivatives traders are piling in like it’s a free buffet—just don’t remind them what happened last time.

Technical Tailwinds Gather

The charts don’t lie: Toncoin’s setup looks tastier than a Wall Street bonus. RSI coils in the bullish zone while MACD histograms stretch upward—classic accumulation signals before a big move.

Derivatives Go Vertical

Futures open interest? Rocketing. Options volume? Spiking. Someone’s betting big—either that or leverage junkies are at it again. Either way, liquidity’s flooding in faster than VC money into an AI startup.

The Cynic’s Corner

Let’s be real—if TA indicators printed money, chartists would own yachts. But with on-chain metrics and derivatives aligning, even skeptics are watching this $3.61 level like hawks. Just maybe keep some dry powder for when the leverage guys get liquidated.

• Toncoin targets $3.61 as derivatives volume surges past $634 million.
• RSI and MACD confirm bullish momentum with strong upward market pressure.
• TON forms a bullish structure with higher highs.

Toncoin (TON) is showing strong bullish momentum driven by increased activity in the derivatives market and positive price movement. Derivatives volume and open interest have both recorded notable gains, signaling growing investor interest and market confidence.

Currently trading NEAR $3.55, TON has broken above key resistance levels. This upward push sets the stage for a potential retest of the Fibonacci extension level at $3.61, a significant short-term bullish target.

Fibonacci Breakout and VWAP Flip Implies a Bullish Structure

In its latest rally from the TradingView chart, Toncoin has surpassed several resistance points. The breakout of the 1.0 Fibonacci zone and the $3.44 level stands out.

The current price has come close to the 1.618 Fib extension of the price at around $3.61. This price serves as the next immediate resistance.

If this level is broken, TON may have more upside to it. This will open up the path towards the $3.80 region. Conversely, there is impending support at the 0.786 and 0.618 Fib. levels, corresponding to $3.38 and $3.34, respectively.

Toncoin could drop to these price levels should it experience intense selling pressure. The volume-weighted average price (VWAP) is currently at $3.54, and it has now changed to become support. The current price level of TON above this VAWP price shows a strong buying interest.

Fib and VAWP. Source: TradingView

Toncoin MACD Is Signaling A Bullish Momentum

In addition, momentum indicators are very positive. The Relative Strength Index (RSI) stands at 65.78 as opposed to overbought at 70.

It is in a comfortably higher position than its midline and moving average value of 61.04. This is an indication that the trend is not weakening yet.

When RSI goes above 70, that could be an indication of a possible short-term pullback or a cooling-down period. The MACD indicator further supports the bullish position.

The MACD line is 0.067, and it is above the signal line, which has a value of 0.046. This positive crossover is an indication of upside pressure in the cycle of the market.

No indication of divergence or reversal has been seen so far, and the histogram further confirms the momentum.

MACD and RSI. Source: TradingView

Positive Leverage in Toncoin Derivatives

Based on Coinglass data, the activity in the futures market indicates increased participation of traders with confidence. The derivatives volume of Toncoin has ended at $634.98 million with a daily growth of 19.49%.

In addition, the open interest increased by 12.05% up to $383.80 million. This means more funds are being allocated to TON and more directional bets may appear.

The two derivative metrics are on the upswing, signaling a heavy bull positioning through Leveraged positions. When the price keeps on appreciating as open interest is increasing, this is a reflection of conviction by long-position holders. However, traders should be wary of the possibility of liquidations in case the price does not hold at its support levels.

Source: Coinglass

TON Eyes $4 on Bullish Structure

The trend strength is corroborated by on-chain and spot indicators. The spot chart volume was at 1.9 million, confirming the breakout of the previous consolidation area around $3.20.

In the price structure, there’s a definite formation of new highs and new lows since July 15. This is a confirmation of the change in the sentiment on the market.

Should Toncoin manage to breach the level of $3.61, then the psychological area at $4.00 may then be in focus. In the coming sessions, market observers should track the resistance zone around $3.61. It is likely to break over the next few sessions.