🚀 Toncoin ($TON ) holds steady at $2.87 – ready to rise to $5.3?

Toncoin (TON) is showing noteworthy strength as the price maintains above the strategic support level of $2.87, despite short-term fluctuations. Currently, TON is trading around $3.14, up slightly by 1% in 24 hours with a volume of nearly $334 million.

According to expert Ali Martinez, the $2.87 mark coincides with the 0.5 Fibonacci retracement level, serving as an important 'shield' for buyers. If it holds, TON could target $5.3 – a goal that aligns with the 0.786 Fibonacci extension and the previous resistance zone.

The long-term chart remains within a bullish channel since 2023, with progressively higher lows. In the past, TON has broken through $2.87 and successfully retested it – a textbook reversal pattern. If this level fails, the next support is around $2.23.

However, the MFI indicator is at 75.76 – signaling overbought conditions, and the RSI is near the neutral level of 50, indicating that the upward momentum may slow down in the short term.

🔥 Major highlight: Telegram has just officially launched the TON wallet in the US, reaching over 87 million users. Users can now trade crypto and make payments with stablecoins directly within the Telegram app – no third party needed.

In summary: As long as TON holds above $2.87, the path to $5.3 remains wide open – just avoid 'dropping the wallet' due to FOMO!

#Toncoin #TelegramWallet #CryptoNews #TONtoTheMoon #AltcoinBuzz🔥