Toncoin's breakout has been confirmed, with the token surging over 11% in the past week and breaking above key technical levels. The current price is around $3.2950 with a 24-hour trading volume of $248.39 million and a market capitalization of $7.72 billion.
*Key Indicators:*
- *Breakout Level*: Toncoin broke above the $3.10 resistance level, with the next major target at $3.59, which is the 200-day EMA.
- *Momentum*: The Relative Strength Index (RSI) is at 62.66, indicating a healthy zone for buyers, while the Moving Average Convergence Divergence (MACD) shows a favorable crossover.
- *Support Levels*: $2.95-$3.05 zone is considered a healthy consolidation area, while $2.50-$2.80 is a historical demand zone.
- *Resistance Levels*: $3.20, $3.38, and $3.50 are potential targets, with $3.59 being a crucial level to determine if the bounce becomes long-term.¹ ² ³
*Market Sentiment:*
The recent deployment of the Tac mainnet has boosted Toncoin's fundamentals, enabling Telegram's one billion users to access Ethereum Virtual Machine (EVM) decentralized applications (DApps) directly within the messaging app. This development could accelerate DApp adoption, streamline user experience, and channel fresh capital into the TON ecosystem.⁴