Toncoin (TON) has shown decisive recovery after revisiting the $2.50-$2.80 demand zone, drawing attention to its future targets.
Testing Critical Price Range
Toncoin has recently bounced back from a long-standing demand zone between $2.50 and $2.80. This region has played a central role in previous price cycles, serving as both a resistance and support level. According to Rose Premium Signals analysis, TON is moving within a falling channel and recently pushed higher from its lower boundary with a clear bullish momentum.
Current Price Dynamics
With the current recovery, Toncoin is now approaching the midpoint of the falling channel, near the $4.80 level. Historically, this area has provided temporary resistance during channel movements, acting as an interim barrier before trend continuation. The price now tests this range.
Key Levels and Scenarios
Should Toncoin close above the mid-channel resistance, the focus shifts to the channel's upper boundary around $6.50, aligning with the broader descending structure. Beyond this, a previous swing high near the $8.00 region may become relevant if upward momentum continues. However, a move below $2.40 would invalidate the bullish structure, signaling a market behavior shift and new lower targets.
Toncoin shows significant recovery, maintaining interest in future targets with strengthened current structure.
