Toncoin Eyes $2.00 Breakout After Holding Critical $1.50 Support
Toncoin (TON) is currently trading at $1.50, down 1.9% over the past 24 hours, with a 24-hour trading volume of $71.18 million, reflecting a minor decline of 1.6%, according to CoinMarketCap data. Over the last seven days, the token has seen a 13.2% decrease, maintaining a steady position near $1.50 amid broader market pressures on cryptocurrencies.
Projected Breakout Targets for TON
In X post, Crypto analyst Jonathan Carter highlighted that TON is consolidating within a descending channel on the 2-day chart. The channel, defined by parallel downward-sloping trendlines since mid-2025, has guided the token from highs near $7 down to current levels.
Carter observed that TON is stabilizing above the channel’s midline, with volume rising at support, an early sign of accumulation by institutional or “smart money” investors.
The support zone between $1.45 and $1.50 has repeatedly held, creating a foundation for a potential bullish reversal. Rising volume suggests conviction among buyers, while projected breakout targets include $2.00, $2.35, $2.70, $3.75, $4.65, $5.50, and $6.85, depending on market strength.
Toncoin Demand Zone Holds Strong
Rose Premium Signals, another Crypto observer, confirmed the demand zone’s significance. The analyst notes that price consistently formed higher lows near $1.45–$1.50, indicating strong buying interest.
Short-term upside targets are set at $2.00 and $2.32, while a decisive close below the support would invalidate bullish expectations.
While technical signals are positive, analysts caution that failure of support could trigger further downside. Investors are advised to monitor volume patterns and resistance levels closely.
Overall, Toncoin’s combination of strong support, rising volume, and Telegram integration makes it a focal point for traders seeking a potential breakout in early 2026.
Also Read | Toncoin (TON) Eyes $3.11: Is the Crypto Set for a Major Rally?
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