<ul><li>Toncoin [TON] is trading in a bullish pennant pattern, testing resistance at $3.50 after a 3-day rally since May 8th.</li><li>Whale activity in TON indicates growing accumulation, with large transactions spiking by 84% to $6.12 billion.</li><li>A liquidation cluster at $3.66 level could trigger a breakout rally, potentially leading to a cascade of liquidations pushing the price higher.</li><li>For TON bulls, the focus is on closing above $3.5 resistance level, with the $3.66 area as the next target, indicating a potential bullish run with factors like pennant pattern, whale accumulation, and leverage liquidation.</li></ul>

Toncoin [TON] eyes $3.5 next, but is there a bull trap in the making?

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