Strong upward drive carries Toncoin up 7.57% after recent selling phase

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Toncoin surges 7.57% to $1.776 today

Highlights

Toncoin stabilizes above key $1.43–$1.48 support after facing heavy resistance in the $2.10–$2.20 zone, signaling resilient demand.
Sustained support levels help maintain market confidence, encouraging buyers to re-engage at lower price points.
Momentum indicators signal strong bullish tone with dominant buyers, targeting a likely price range of $1.624–$1.928 over the next 2–3 days.

Support absorbs selling as buyers re-enter after resistance test

Toncoin is currently managing to hold support in the $1.43 to $1.48 range after facing rejection at the $2.10 to $2.20 resistance zone. This ability to defend support after an encounter with heavy selling at upper levels signals that market participants are still willing to absorb supply, preventing a deeper breakdown. The preservation of these support levels helps stabilize sentiment and offers a platform for buyers to re-enter the market under the current technical context.

Robust buy signals emerge amid overbought conditions and volatility

On the hourly chart, TON/USD trades above the MA-20 at $1.731 and MA-50 at $1.704, while on the daily timeframe it remains well above the MA-200 at $1.545. The Ichimoku Kijun at $1.724 serves as immediate support. Momentum indicators are robust, with MACD and ADX both displaying buy signals and Bull/Bear Power (BBP) showing clear buyer dominance. RSI holds at 60.276, reflecting ongoing buying activity, while CCI is in overbought territory and Stoch RSI is neutral, with the Awesome Oscillator also supporting upward momentum. Price activity shows a non-trivial gap of $0.049 and positioning near today's high, supported by elevated volatility as aggressive buying persists.

Bullish risk dominates outlook as breakout and reversal levels defined

Looking ahead to the next 2–3 trading days, the expected price range for TON/USD is set between $1.624 and $1.928, representing a typical volatility band relative to current levels. The probability of continued upward movement is very high, with a sustained sideways scenario likely if resistance remains unbroken. A bullish scenario could develop on a breakout above resistance, while a drop below support at $1.724 would open the door for a bearish reversal.

Viktoras Karapetjanc, analyst at Traders Union, highlights Toncoin’s robust defense of key support and ongoing sentiment-driven buying. He sees the ability to absorb supply after the latest rejection as a sign of strong market commitment and institutional interest. With momentum and technical indicators bullish, Karapetjanc believes the macro environment currently supports upward moves for TON. He remains confident that buyers have the upper hand in the short term. “I view Toncoin’s present structure as an encouraging signal for continued upside, given the steady support and high trading activity,” says Karapetjanc.

Previously it was reported that TON Strategy continued to benefit from network enhancements and robust staking yields following technical upgrades in The Open Network. With Toncoin now demonstrating strong intraday bullish momentum and successfully defending key support levels despite recent resistance, traders should closely monitor for a potential upside breakout above the $2.10 zone, which could catalyze a fresh rally.

Source of Data: GRAM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.