Toncoin is gaining attention as its price action begins to shift above key levels. According to CoinMarketCap data, the digital asset rose by 2.14% in the last 24 hours and is currently trading at $3.
This trend is an uptrend after support formed around two levels, between 2.80 and 2.90. Focused on stabilization, market participants are keenly waiting to see a breakout confirmed. Although the price is in an uptrend, the trading volume remains weak, having declined by 15.17 percent to 110.85 million dollars during the same period.
According to analysts, the gap lends credence to the fact that investors were skeptical and might not have looked forward to a U-turn within a very short time. The recent bearish mood on the market may continue to make many hold their ground.
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Key Technical Shift Signals Potential Price Surge
Toncoin has successfully broken a long-standing downward trendline on its daily chart. This technical shift could pave the way for further gains if buyers maintain support above the $3 level.
Market watchers believe that if momentum returns and volume increases, the digital asset could target the $4 mark. Historical data shows that Toncoin last reached this level on April 1, 2025.
Source: CoinMarketCap
The latter rally was preceded by a talk by Telegram founder Pavel Durov, who reported on TON’s support and the system of its ecosystem. However, this did not last long because the asset encountered multiple rejections at the higher level.
Currently, one of the resistance levels is at $3.24, where blockchain analyst Ali Martinez cited that approximately 1.21 million wallets purchased Toncoin.
When these holders choose to sell off, the asset is likely to incur a new round of selling pressure. Alternatively, investors should be optimistic and give it a lifeline.
This is the most critical stage of the Toncoin trajectory because the market is on edge to find out whether the coin will gain the requisite volume to support the hike. Its short-term path will probably be dictated by ecosystem support and investor opinion.
Toncoin’s recent price performance signals early strength, but the lack of trading volume raises uncertainty. Sustained support and renewed investor confidence will be critical for any potential move toward the $4 level.
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