Toncoin climbs past $3.55 as net inflows and bullish trend support breakout attempt
Toncoin (TON) is gaining traction in early August as it approaches a critical resistance level following weeks of bullish consolidation. As of Tuesday, the token is trading at $3.556, up 1.53% on the 4-hour chart, as it challenges horizontal resistance near $3.55.
Highlights
- TON price rises 1.53% to $3.556, testing key resistance with higher lows supporting bullish structure
- Daily spot inflows spike to $5.59 million, marking highest accumulation since early July
- Upside target seen near $3.85–$4.00 if TON confirms breakout above multi-week consolidation range
This price ceiling has capped gains since early July, forming a base for what now appears to be a maturing bullish continuation structure. The pattern is supported by a series of higher lows, aligning along a rising trendline that converges with the static resistance.
TON price dynamics (Source: TradingView)
On the technical front, the 20, 50, 100, and 200-day EMAs, clustered between $3.14 and $3.39 which continues to slope upward, providing a structurally bullish floor. A confirmed breakout above $3.58 could trigger a move toward the $3.85–$4.00 range. The RSI at 69.02 is nearing overbought territory but still supports short-term bullish momentum.
On-chain signals confirm accumulation trend
Reinforcing the bullish technical setup is a notable uptick in on-chain activity. Toncoin saw spot net inflows surge to $5.59 million on July 31, the largest single-day accumulation in several weeks. This aligns with similar historical periods where TON price advanced strongly following elevated inflow phases. The latest surge comes as TON hovers around $3.545, suggesting growing investor conviction at this price level.
Should bullish demand continue, TON could extend its rally beyond $3.85. However, failure to sustain above the $3.55–$3.58 zone could lead to a retracement toward trend support at $3.30 and $3.15. Still, the ascending structure and consistent buying interest remain favorable for bulls in the near term.
In previous analysis, we noted that Toncoin's EMA structure and sustained higher lows signaled building momentum toward the $3.50 area. With this level now being tested alongside renewed inflows, TON’s bullish setup appears to be validating that earlier thesis.
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