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  • Toncoin Prepares for 40% Rally as Key Breakout Pattern Emerges
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Toncoin Prepares for 40% Rally as Key Breakout Pattern Emerges

Jane Kariuki 2 June 2025
TONCOIN
  • Toncoin is forming a bullish triangle pattern, hinting at a possible 40% breakout if it clears the $3.28 resistance.
  • Analysts point to rising trading volume and improving indicators as signs of a potential surge toward $4.65.

Toncoin (TON), is capturing trader interest once again as it hovers just above the $3.14 mark. After consolidating, TON shows signs of a breakout that could lead to a potential 40% price rally.

Symmetrical Triangle Points to Imminent Breakout

Crypto analyst Ali Martinez has identified a symmetrical triangle pattern forming on Toncoin’s four-hour chart. The pattern, with higher lows and lower highs, often signals an upcoming sharp move in either direction.

TONCOIN PRICE CHART POST ON X, SHOWING FORMATION OF Symmetrical Triangle
Toncoin (TON) is consolidating within a triangle pattern, indicating a potential 40% breakout. Source: Ali Martinez via X

Currently, TON is trading within a range of $3.10 to $3.28. A breakout above the upper trendline near $3.28 could propel the price toward the $4.27 to $4.65 zone—a gain of more than 40%. However, if support at the lower boundary fails, TON could slip to the $1.80–$1.90 area, making it a critical level to watch.

ALSO READ:XRP Price Analysis June 2025: Rebound or More Downside Ahead?

Technical Indicators Reveal Mixed Signals

Toncoin’s technical outlook remains cautiously optimistic. The Relative Strength Index (RSI) is trending upward and currently sits near 49.37. A push above 50 could tilt sentiment firmly in favor of the bulls, indicating the start of a potential trend reversal.

TONCOIN PRICE CHART FOR 24 HOURS PERIOD
TON shows mixed indicators, with MACD nearing a crossover and wave 5 likely starting after a 78% retracement. Source: Jack_the-real-trader on TradingView

On the flip side, the MACD is still slightly in negative territory at -0.044, signaling lingering bearish pressure. Yet, many analysts believe that a confirmed breakout from the symmetrical triangle pattern could reverse this and shift the trend upward.

Trading Volume and Market Sentiment Support Bullish Case

Toncoin’s trading volume has seen a recent uptick, suggesting renewed interest among investors. After peaking above $5 in February 2025 and retracing nearly 78%, TON has found support between $2.20 and $3.50. This consolidation phase has helped shape the current chart pattern, now being closely watched by the market.

TONCOIN PRICE CHART FOR 24 HOURS PERIOD

A breakout could boost TON’s price and draw attention to The Open Network’s DeFi plans and Telegram-based ecosystem.

Toncoin stands at a pivotal moment. A move above $3.28 could mark the beginning of a powerful upward phase, with the $4.65 level acting as a major price target. With technical patterns aligning and investor attention building, TON may be on the verge of a decisive breakout that could reshape its short-term outlook.

ALSO READ:Pi Network Price Could Drop to $0.40 If $0.62 Support Fails

DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

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