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Toncoin (T...
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TronWeekly

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Toncoin (TON) Price Analysis: Breakout Watch as TON Eyes Recovery

  • Toncoin (TON) is trading around $3.16, showing early signs of a potential trend reversal with technical indicators hinting at a bullish breakout setup.
  • The price has been moving sideways between $2.90 and $3.60 since April, indicating accumulation phase and low volatility among traders.
  • A falling wedge pattern on the weekly chart suggests a possible breakout towards $5.73, $6.86, and $7.90 if the upper resistance is convincingly broken.
  • If the price falls below $3.00, downside risks toward $2.50 may resurface. Until a breakout is confirmed with stronger volume, Toncoin remains in a neutral-to-bullish zone.

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