Toncoin (TON) has gained 20% after breaking its downtrend, maintaining strong bullish momentum. The price movement signals further upside as the cryptocurrency holds above key support levels.
Toncoin's Breakout and Uptrend
After a prolonged downtrend, Toncoin has confirmed a bullish structure by achieving a 20% increase. This upward movement follows a key breakout, allowing TON to maintain higher price levels. According to Rose Premium signals analysis, a descending wedge pattern formed before a breakout led to a sharp price surge. A similar pattern is visible at the current price level.
Price Targets for Toncoin's Continued Momentum
Technical analysis indicates three major targets for Toncoin if the rally continues. The first key level to watch is $5.12, which acts as an immediate resistance point. A successful breach above this level could pave the way for the next target at $6.94. This price range represents a significant test for TON’s strength in sustaining its bullish momentum. If the second target is surpassed, the final projected level sits at $8.97.
Factors Influencing Toncoin's Uptrend
For TON to maintain its bullish trajectory, staying above its current support remains essential. Any dip below this threshold could lead to a consolidation phase or a shift in momentum. However, as long as support holds, TON has the potential to reach its outlined targets. Market conditions, trading volume, and external factors will influence whether TON sustains its climb. Investors continue to monitor price action closely, looking for confirmation of strength at each resistance level.
With a structured uptrend in place, the market remains focused on the next move for Toncoin. Reaching new price targets is possible with maintained key support levels.
