Toncoin (TON) Profit Shrinks but Maintains Upward Trajectory

The Toncoin market has recently begun to trend upward once again. This token experienced notable progress in the previous session. However, as of the time of writing, it only holds a gain of 0.65%. Despite this modest increase, the market maintains a generally bullish trajectory, even in the face of recent pullbacks. More details are provided below.

Toncoin Statistics

Current Price: $3.385

Market Capitalization: $8.06B

Circulating Supply: 2.41B

Total Supply: 5.13B

CoinMarketCap Rank: 20

Key Price Levels

Resistance: $3.500, $4.000, $4.500

Support: $3.250, $3.000, $2.750

Toncoin Eyes Recovery on Daily Chart

The TON/USDT pair continues to follow an upward path. The previous session recorded the most significant price increase on the daily chart. However, the ongoing session, at the time of writing, holds only a fraction of those earlier gains.

The Bollinger Bands (BB) indicator is projected upward, and price action currently remains above the middle band, despite a noticeable narrowing of the bands. Additionally, the Smoothed Rate of Change (SROC) indicator line continues its ascent above the equilibrium level, aligning with the prevailing bullish momentum in the market.

TON/USDT Bulls Show Resilience (4-Hour Chart)

Looking at the 4-hour chart, it is evident that market participants are engaging in more buying activity. Although the previous session showed some notable price contraction, the current session is leaning bullish, as indicated by the appearance of the most recent price candle — albeit a small one.

Recent candles continue to hold above the middle band of the BB indicator. Similarly, the SROC indicator remains above the equilibrium level, though it is beginning to turn sideways.

Overall, both the daily and 4-hour charts indicate alignment with a sustained upward trajectory. Consequently, traders may consider targeting the $3.750 resistance level in the near term.

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