- Toncoin is trading around $3.16, showing early signs of a potential trend reversal.
- The price has moved sideways between $2.90 and $3.60 since April, indicating accumulation.
- A falling wedge pattern on the weekly chart suggests a possible breakout toward $5.73, $6.86, and $7.90.
- If the price falls below $3.00, downside risks toward $2.50 may resurface.
Toncoin (TON), the native cryptocurrency of The Open Network, is showing early signs of a potential trend reversal as we enter mid-2025. After a long period of decline, the TON is now trading at approximately $3.16, with technical indicators on both daily and weekly charts hinting at a bullish breakout setup.
On the daily chart, Toncoin has been moving sideways in a tight range between $2.90 and $3.60 since early April 2025. The price action has remained relatively flat, with smaller candlesticks indicating low volatility and indecision among traders.
This kind of price behavior is often seen during accumulation phases before a larger move. Volume has also decreased compared to earlier in the year, suggesting that market participants are waiting for a decisive trigger.
Toncoin Forms Bullish Pattern, Eyes $7.90
The real technical story unfolds on the weekly timeframe. Here, Toncoin appears to be completing a falling wedge pattern, a structure that typically resolves to the upside. The price has tested the lower boundary of this wedge twice around the $2.00 to $2.30 support zone, forming a double bottom. These repeated bounces give weight to the support level and signal potential exhaustion of the previous downtrend.
Currently, the price is testing the upper resistance of the falling wedge. A successful breakout above the wedge pattern would likely mark the start of a recovery rally. According to technical projections, if Toncoin breaks out convincingly, upside targets are located at $5.735, $6.868, and $7.907. These levels align with previous key resistance zones and Fibonacci extensions, making them potential take-profit areas for traders watching this setup.
However, it’s important to monitor price behavior closely. If the price fails to hold above $3.00, there’s a risk of returning to lower support levels near $2.50. Until a breakout is confirmed with stronger volume, Toncoin remains in a neutral-to-bullish zone.
Toncoin’s current chart setup suggests a potential shift in momentum. With clear technical structures pointing toward a breakout, TON/USDT could become a key altcoin to watch in the second half of 2025, especially for those looking for medium-term swing trades or entries on major reversals.
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