Toncoin $TON is heating up and a major breakout may be right around the corner.
Currently trading near $3.05, TON is coiling tightly within a symmetrical triangle pattern, a classic setup that often precedes explosive moves. Analysts are now eyeing a potential 40%+ breakout in early June, with some long-term projections targeting prices as high as $10.29.
Could Toncoin be the next big altcoin to moon? Here’s what you need to know.
🔺 Triangle Pattern Signals Huge Breakout Potential
Technical analyst Ali Martinez highlights that TON is nearing the apex of a symmetrical triangle, a structure that usually results in sharp price movements once broken. The support base is rising, and resistance is squeezing from the top setting up a spring-loaded move.
Resistance to Watch: $3.20
Breakout Target (short term): $4.20 – $4.40
Long-Term Bull Target: $10.29 (+230%)
Another crypto analyst, Sun Liao, points to rare chart signals like the “double confirmed square” and the “blue diamond” both seen in past bullish cycles—supporting the case for a mega rally.
Derivatives Market Shows Bulls Are in Control
Despite a drop in overall trading volume and open interest, Toncoin’s derivatives market is flashing strong bullish signals:
Binance long/short ratio: 1.94
OKX long/short ratio: 3.18
Top traders lean long: 1.82 (Binance)
This shows a dominant long bias on major platforms, even as trading activity cools slightly. The funding rates remain stable, indicating no excessive leverage that could trigger mass liquidations an ideal setup for a sustainable rally.
🧠 Market Sentiment & On-Chain Data Support the Bull Case
Toncoin’s market cap sits at $7.52 billion, with a 24-hour trading volume of $298.8 million. Despite a 36% volume dip, the volume-to-market-cap ratio (3.97%) suggests healthy trading activity.
Meanwhile, on-chain data reveals accumulation behavior, as major wallets continue to load up on TON at current prices. This reflects rising confidence in Toncoin’s long-term fundamentals and its expanding ecosystem.
What’s Next for TON?
All eyes are now on the $3.20 resistance level. A clean breakout with volume could catapult TON toward the $4.40 region in the short term. If bullish sentiment and technical strength continue, Sun Liao’s ambitious $10.29 target could become a reality during the next major market wave.
However, if support at $2.90 breaks, it may invalidate the bullish structure, opening the door to a potential drop to $2.50.
✅ Final Thoughts
With a powerful triangle formation, bullish on-chain signals, and strong interest from leveraged traders, Toncoin could be on the verge of a breakout that changes its trajectory for the rest of 2025.
For now, TON remains one of the top altcoins to watch in the coming weeks.
