Toncoin (TON) is demonstrating notable resilience, holding firmly above its critical $2.40–$2.70 support zone despite broader crypto market turbulence. The token recently surged to $3.50, marking a 4.72% daily gain and fueling bullish sentiment. Technical indicators, including a Relative Strength Index near 50, suggest ample room for upward momentum without immediate overbought risks.

Analysts highlight a bullish pattern where previous resistance has transformed into support, setting the stage for a potential rally toward the $5.00–$5.50 resistance range – a 60% upside from current levels. The $2.70–$3.00 zone now acts as a springboard for this move.

However, traders are cautioned that a sustained drop below $2.40 could invalidate the bullish outlook, potentially triggering deeper corrections.

source: TheTradable

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