Toncoin forms a symmetrical triangle, signaling a breakout.
Price could surge 40% to $4.62 from the current $3.30.
Consolidation pattern spans from March to June 2025.
Upper resistance trendline is near $4.00, support at $2.90.
Volume spike may confirm the bullish breakout move.
Toncoin Price Signals Major Breakout Potential
Toncoin ($TON) is showing signs of a significant price movement. The cryptocurrency's price chart has formed a symmetrical triangle pattern. This technical formation often indicates a forthcoming breakout. The current price stands at $3.30.
The symmetrical triangle suggests a potential 40% surge. If the breakout occurs, the price could reach approximately $4.62. This projection is based on the triangle's height, a common method to estimate price targets in technical analysis.
Toncoin has been consolidating within this pattern for weeks. The upper and lower trendlines of the triangle are converging. This tightening range typically precedes a sharp price movement. Historical data from similar patterns supports the likelihood of a breakout
Market Context and Price Movement Details
Toncoin's price has been volatile in recent months. The chart shows a decline from a high near $5.00 earlier this year. It then entered a consolidation phase, forming the current triangle pattern. The price dipped to $2.90 before recovering to $3.30.
The symmetrical triangle spans from March to June 2025. The upper resistance trendline connects highs around $4.00. The lower support trendline links lows near $2.90. A breakout above the upper trendline could confirm the bullish move toward $4.62.
Trading volume has been steady during this consolidation. A spike in volume often accompanies a breakout, signaling strong market participation. Toncoin's market cap currently hovers around $8 billion, according to data from CoinMarketCap.
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