Toncoin (TON) Forms Bullish Symmetrical Triangle, Eyes 40% Upside Potential

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2025-06-01 14:44:17

[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN] Toncoin TON News -

Toncoin (TON) has rallied 5% over the past 24 hours, outperforming during the broader crypto market recovery. Technical analyst Ali Martinez spots a symmetrical triangle formation on the 4-hour chart, indicating a potential breakout that could drive a 40% price movement.

Currently trading around $3.16, TON faces key resistance at $3.28. A successful breakout may push prices toward the $4.55-$4.65 range, while failure to maintain support at $3.10 could see a decline to $1.80-$1.90.

Market analysts highlight the pattern’s neutral nature, reflecting equilibrium between buying and selling pressure. The coming sessions will prove critical for determining TON’s medium-term price direction.

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