Toncoin Eyes Breakout as Price Climbs Toward $4 Resistance

Toncoin (TON) is gaining momentum, showing signs of a potential breakout as its price steadily rises from recent lows. Currently trading at $3, TON has increased by 2.14% over the past 24 hours, according to CoinMarketCap data. This uptrend follows strong support at the $2.80 and $2.90 levels, suggesting growing bullish sentiment.

Despite the price uptick, trading volume has declined by 15.17%, standing at $110.85 million. This divergence between price and volume may indicate that many traders were caught off guard by the quick recovery, having expected bearish conditions to persist longer. However, TON’s recent breakout above a key falling trendline suggests a reversal could be underway.

Technical indicators point to a bullish setup if current support levels hold. A sustained move above $3 could push TON toward the $4 mark—a level last seen on April 1, 2025, when Telegram founder Pavel Durov revealed major backing for the TON ecosystem. Since then, the token has faced multiple rejections near that resistance, but renewed ecosystem developments and community interest could fuel the next leg up.

Investor behavior at the $3.24 resistance will be crucial. On-chain data from analyst Ali Martinez shows approximately 1.21 million wallets acquired TON around that level. If holders sell to cut losses, upward momentum could stall. Conversely, strong holding behavior could reinforce bullish trends and support a breakout.

With whale activity increasing and technicals turning favorable, Toncoin may be on the verge of retesting multi-month highs. Continued ecosystem growth and volume recovery will be key to confirming a sustained rally toward $4. Traders and investors are watching closely as TON navigates this critical juncture.