According to latest technical analysis, Toncoin [TON] has successfully confirmed its 25% rally by hitting the first upside target at $1.51, demonstrating strong bullish momentum after the recent expansion. The altcoin is currently trading around the $1.45-$1.50 region and shows continued strength after holding above the $1.20 structural support during the recent pullback. This move confirms that buyers are actively accumulating and defending lower levels, with the current structure showing strong bullish momentum following the recent expansion phase.
As reported by multiple technical analysts, Toncoin has established a solid support zone near $1.20 and is showing signs of accumulation after a prolonged downtrend. The analysis suggests that bullish momentum could continue toward $1.55, followed by $1.70, with potential extension to $1.85 in case of sustained bullish pressure. The nearest supply zones are forming around $1.50-$1.55, followed by stronger resistance between $1.68-$1.72, while downside support is located around $1.30-$1.35. The 4-hour view shows local highs from October and November at $2.36 and $2.16 were both flipped to resistances during the retracement, but the OBV has hardly budged from local highs set in May, indicating reduced trading volume during the pullback.
Latest technical analysis reveals that TON is showing a critical technical development on the Daily timeframe after a prolonged downtrend constrained by a descending trendline. The price has successfully closed above the long-term descending trendline that connected major lower highs, with the breakout confirming a shift in market sentiment from "selling the rallies" to "buying the dips." The price is currently testing the 0.382 Fibonacci retracement level at $1.421, which represents the next immediate hurdle to confirm the strength of the breakout. The analysis suggests that a trendline breakout is a classic signal of a shift in market sentiment, with the "Golden Pocket" at $0.965-$1.088 acting as a solid foundation providing necessary support for this recovery move.
As reported by multiple analysts, Bitcoin [BTC] trading above $80,000 is helping steady sentiment across the altcoin market, supporting the overall cryptocurrency environment. The analysis suggests that while the Toncoin trend has shifted bullishly, it is currently undergoing a retracement phase. Until the $1.5 and $1.12 levels are broken, Toncoin investors can remain hopeful for a potential reversal, with the current pullback representing a normal corrective phase in the broader uptrend. The market structure shows signs of stabilization with the support zone holding firmly, indicating potential for continued upward movement if the current momentum holds.
