- Toncoin (TON) has broken above key resistance at $3.20, signaling a potential bullish reversal with eyes set on the $3.50–$3.77 range if momentum holds.
- However, failure to stay above $3.17 could lead to a pullback toward $3.00 or lower.
Toncoin (TON) is making waves once again, showing signs of a bullish resurgence as the price breaks through the $3.20 resistance level. Now trading around $3.24 as of June 5, TON is up nearly 2% intraday, sparking renewed interest from traders and investors alike. But can this upward move hold its ground—or even extend higher—through the month of June?
Bullish Breakout and Technical Signals
Toncoin’s breakout from the consolidation range of $3.00 to $3.20 marks a significant shift in market sentiment. The price action has sliced above a descending trendline that capped gains throughout mid-May. Combined with rising support from the May 27 low, this move forms a classic falling wedge breakout—typically a bullish reversal pattern.
Immediate resistance lies in the $3.28–$3.30 zone, an area that previously capped upward moves. A decisive close above this range would pave the way for a potential climb to $3.50 or even $3.77 in the coming weeks.
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Momentum Indicators Favor Bulls
On the technical front, momentum indicators are leaning bullish. The 4-hour MACD shows a fresh crossover above the zero line, while the RSI on the 30-minute chart hovers near 60—both signaling potential upside. The Ichimoku Cloud also paints a bullish picture, with the price well above the Kijun-Sen and a rising cloud twist reinforcing strength.
Bollinger Bands are widening, a sign of increasing volatility, and price action is comfortably trading above all major EMAs, reflecting broad bullish intent.
Key Levels to Watch
Support now sits at $3.17 and $3.00. Holding above these levels is critical for maintaining the current bullish structure. On the upside, the $3.28–$3.30 resistance zone, which coincides with key Fibonacci retracement levels, remains the immediate test for bulls.
June 2025 Outlook: More Gains Ahead?
Toncoin’s bullish momentum could gain further steam if daily closes hold above $3.30. If that happens, buyers could target $3.50 next, followed by $3.77. But if the rally stalls and dips below $3.17, a pullback toward $3.00—or even $2.85—may be in play.
As the altcoin market regains strength, all eyes are on TON to see if it can lead the charge higher this June.