Toncoin Holds Above Key Support, Eyes Further Gains

Toncoin (TON) has shown notable resilience after a sharp pullback, holding strong above the $2.94–$2.96 support zone before breaking past the $3.00 resistance. Despite underperforming the broader market — the CoinDesk 20 index rose 3.6% in the last 24 hours — TON managed a 1.5% gain, indicating cautious but steady buying interest.

Technical indicators highlight a healthy consolidation and breakout pattern. Early in the session, Toncoin established solid support between $2.94 and $2.96, followed by a breakout above $3.00 on strong volume of 1.87 million and 1.54 million units. Even after a high-volume pullback to $2.98 — with the session’s largest spike of 2.97 million — buyers stepped back in quickly.

Subsequent price action shows Toncoin stabilizing above $2.985, where another wave of accumulation was observed. Volume surged again to 272,668 units, fueling a second breakout and confirming a bullish continuation. The new support has shifted upward, now sitting at $3.00–$3.01, further reinforcing the strength of the current uptrend.

With Toncoin’s price action demonstrating strong volume-backed recoveries and buyers defending key levels, the token appears positioned for potential upside. Traders are watching for a sustained move above $3.01 to signal further momentum.