Toncoin price holds above $3.30 as bullish channel structure remains intact
Toncoin (TON) is trading around $3.35 on July 21, maintaining its position within a clearly defined ascending channel on the 2-hour timeframe. The cryptocurrency has steadily respected both the upper and lower bounds of this formation since mid-July, with every minor pullback finding bids along the channel midline or lower trendline.
Highlights
- Toncoin trades near $3.35 while holding within a bullish ascending channel
- RSI and inflow data support renewed breakout potential above $3.40
- $3.22 remains the key support level to watch for short-term trend validation
A recent attempt to breach the upper boundary at $3.36 was met with resistance, indicating that bulls are yet to decisively clear that level. However, the Supertrend indicator remains firmly bullish above $3.22, affirming that the near-term uptrend remains valid. Supporting this technical structure is Toncoin’s healthy RSI reading, currently at 65.87.
TON price dynamics (Source: TradingView)
Despite minor corrections in the past sessions, the RSI has consistently bounced from the 50–55 region, underlining sustained bullish momentum. As long as RSI maintains this upward trajectory and avoids bearish divergence, the possibility of another breakout attempt above $3.36 remains viable.
Inflow data signals accumulation as price eyes $3.40 breakout
On-chain data reinforces the bullish bias. Toncoin recorded a $2.76 million net inflow on July 21, marking the strongest capital entry in several sessions. This spike coincided with the $3.345 price level and follows a broader shift toward positive flows over the past week. The willingness of buyers to accumulate near recent highs suggests confidence in further upside, particularly as the asset approaches the $3.40–$3.45 resistance zone.
A successful breakout above that range could pave the way toward $3.60, with $3.75 marking the channel’s projected upper extension. On the downside, initial support rests at $3.22, aligned with the Supertrend baseline and lower trendline. Deeper pullbacks could target $3.00, a level where Toncoin previously found sustained demand.
As highlighted in earlier coverage, Toncoin has consistently respected its bullish structure despite broader crypto market fluctuations. The asset’s ability to maintain higher lows and attract steady inflows near support regions reinforces the ongoing accumulation narrative. The current setup remains consistent with prior technical projections, favoring continuation toward the $3.60 zone.
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