Toncoin Price Surge: Is $3.66 the Next Stop in TON’s Bullish Rally?
Toncoin (TON) isn’t just holding steady—it’s charging forward. With stable momentum backing its recent moves, traders are eyeing that tantalizing $3.66 target. Could this be the next leg up in TON’s climb, or just another hype cycle in crypto’s endless rollercoaster?
Why $3.66 Matters
Forget moon-shot predictions—this isn’t about wild speculation. The $3.66 level represents a concrete resistance-turned-support zone, a make-or-break for TON’s short-term trajectory. Break it, and the bulls take control. Fail, and well… welcome back to consolidation purgatory.
The Fuel Behind the Move
No rocket science here—just plain old supply-demand dynamics. Trading volume’s ticking up, exchange reserves are thinning, and the perpetual futures market isn’t flashing red (yet). Even the staid institutional crowd’s starting to nibble—though they’ll probably bail at the first 10% pullback.
Bottom Line: Watch the Close
Technical setups look clean, but in crypto, that usually means everyone’s leaning the same way—a classic contrarian red flag. If TON can cement a weekly close above $3.66 with conviction, the path opens toward higher highs. Otherwise? Another ‘buy the rumor, sell the news’ special—courtesy of your friendly neighborhood algo traders.
- Toncoin price steadies at $3.36 despite a week’s 7.03% decline.
- Open interest rises 1.99%, ranking second in the current market.
- The OI-weighted funding rate signals mild bullishness, ranking third overall.
Toncoin (TON) is holding its ground, even as the overall crypto market remains quiet. Although the past week saw its value dip by 7.03%, the token has gained 1.1% in the past 24 hours, showing short-term bullish momentum.
At the time of writing, TON is priced at $3.38, reflecting a small 0.89% gain over the last 24 hours. Its daily trading volume has dropped 30.36% to $269.14 million, while market capitalization stands at $8.64 billion.
Toncoin eyes $3.66 as its next resistance level
From a price movement perspective, TON is trading NEAR the upper edge of its recent range. A strong support level around $3.17 has helped the coin avoid deeper declines.
If buying pressure grows, the next potential target could be $3.66, likely acting as a barrier before further gains. Conversely, slipping below $3.17 could push the price toward $2.69.
Market indicators point to cautious optimism. The relative strength index (RSI) is currently at 57.31, a comfortable zone suggesting room for the price to rise before overheating.
Another key measure, the MACD, shows a slight positive shift, hinting that momentum could lean upward if conditions hold.
OI-weighted funding rate signals mild bullishness
In the derivatives market, trading volume has fallen 33.80% to $289.69 million, showing a slowdown in short-term activity. However, open interest, the number of active contracts, is up 1.99% to $400.81 million, suggesting many traders are still holding positions.
The OI-weighted funding rate is at 0.0065, a slightly positive reading that can indicate mild bullish sentiment among Leveraged traders.
For now, Toncoin is in a consolidation phase, meaning its price is moving within a steady range without a clear breakout.
If trading volume rises while open interest remains strong, the coin could make another push higher. But if activity continues to fall, TON may stay in its current sideways pattern until stronger momentum builds.
