Toncoin Flashes Strength Above $3 as Bulls Defend Key Levels
Toncoin (TON), the blockchain token closely associated with messaging app Telegram, broke through the $3 threshold on Monday, driven by renewed buyer interest and sustained trading volume.
TON established a solid base around $2.95 before launching higher, supported by large-volume inflows. The move marked a psychological win for bulls after a brief pullback tested short-term sentiment.
Key Takeaways:
- Price rebounded from a tight consolidation range between $2.94 and $2.96.
- A sharp uptick in volume during the $3 breakout phase signaled high conviction buying.
- Despite a short-lived drop below $3, TON quickly reclaimed ground with minimal slippage, forming new support at $3.00.
- Technical indicators show strengthening momentum as volume-backed candles continue to print above key resistance zones.
The climb above $3 suggests Toncoin could be preparing for a more decisive move if broader market sentiment remains supportive.
