TON Bullish Pattern Signals Breakout Ahead — 40% Rally Loading?
Toncoin (TON) has increased over 5% in the last 24 hours, indicating renewed market interest after a recent downturn. Crypto analyst Ali Martinez suggests that TON is poised for a significant price breakout, as a symmetrical triangle pattern on the 4-hour chart indicates potential for a 40% price swing. Currently trading at $3.16, a breakout above $3.28 could see prices rise to $4.55-$4.65, while a drop below $3.10 could lead to a decline to $1.80-$1.90. The relative strength index is at 49.37, suggesting a neutral market with emerging bullish momentum. Toncoin has a market cap of $7.79 billion and ranks ninth among cryptocurrencies, despite a year-on-year loss of 49.98%. Recent developments include Telegram's partnership with xAI, which will provide in-app access to the Grok AI model and generate significant revenue for Telegram.
