Can Toncoin Hit $4 in May?
The post Can Toncoin Hit $4 in May? appeared on BitcoinEthereumNews.com. Toncoin (TON), the native asset of The Open Network, is back in focus after a long downtrend. Once trading well above $5, TON has been consolidating under the $3.50 mark for weeks, but recent price action suggests a possible change in momentum. Backed by improving technicals, rising volume, and renewed investor interest, Toncoin price may be heading toward a breakout phase. Let’s dive deep into the latest chart data to uncover what’s really going on. Toncoin Price Prediction: Can TON Break Past Resistance? TON/USD Daily Chart- TradingView On the daily chart, TON price is currently trading near $3.17, attempting to recover from its sharp decline earlier this year. The price is hovering around a confluence of major moving averages. The 20-day SMA ($3.08), 50-day SMA ($3.33), and 100-day SMA ($3.53) are tightly packed, creating a resistance zone TON has been struggling to clear. This compression often precedes explosive moves. The key bullish sign is that TON price has managed to stay above the 20-day SMA, forming a short-term higher low pattern. The Advance-Decline Line (ADL) is rising steadily, showing improving market breadth and buyer dominance. However, the 200-day SMA at $4.56 looms large, signaling that any meaningful breakout must push beyond $3.50 first to test the longer-term trendline. Hourly Chart Signals: Bullish Reversal or False Alarm? TON/USD 1 Hr Chart- TradingView Zooming into the hourly chart, TON price appears to be forming a minor ascending triangle pattern — a bullish continuation setup. The price is testing resistance near $3.20, and all short-term moving averages (20, 50, 100, and 200 SMA) are converging in a tight band between $3.17–$3.23. This setup often acts like a coiled spring — a break above the resistance could trigger a quick move toward $3.35 or even $3.50. The ADL on the hourly chart is flat…
The post Can Toncoin Hit $4 in May? appeared on BitcoinEthereumNews.com.
Toncoin (TON), the native asset of The Open Network, is back in focus after a long downtrend. Once trading well above $5, TON has been consolidating under the $3.50 mark for weeks, but recent price action suggests a possible change in momentum. Backed by improving technicals, rising volume, and renewed investor interest, Toncoin price may be heading toward a breakout phase. Let’s dive deep into the latest chart data to uncover what’s really going on. Toncoin Price Prediction: Can TON Break Past Resistance? TON/USD Daily Chart- TradingView On the daily chart, TON price is currently trading near $3.17, attempting to recover from its sharp decline earlier this year. The price is hovering around a confluence of major moving averages. The 20-day SMA ($3.08), 50-day SMA ($3.33), and 100-day SMA ($3.53) are tightly packed, creating a resistance zone TON has been struggling to clear. This compression often precedes explosive moves. The key bullish sign is that TON price has managed to stay above the 20-day SMA, forming a short-term higher low pattern. The Advance-Decline Line (ADL) is rising steadily, showing improving market breadth and buyer dominance. However, the 200-day SMA at $4.56 looms large, signaling that any meaningful breakout must push beyond $3.50 first to test the longer-term trendline. Hourly Chart Signals: Bullish Reversal or False Alarm? TON/USD 1 Hr Chart- TradingView Zooming into the hourly chart, TON price appears to be forming a minor ascending triangle pattern — a bullish continuation setup. The price is testing resistance near $3.20, and all short-term moving averages (20, 50, 100, and 200 SMA) are converging in a tight band between $3.17–$3.23. This setup often acts like a coiled spring — a break above the resistance could trigger a quick move toward $3.35 or even $3.50. The ADL on the hourly chart is flat…
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