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Toncoin (TON) Price Flashes Bullish Signals—Is a Surge to $4.80 Next?
Following a fresh increase from the $2,450 zone, Toncoin’s price is flashing bullish signals, hinting at a potential surge to $4.80 in the near future.
After experiencing a steady decline below the $5.00 support zone, Toncoin found support near the $2,450 zone and formed a low at $2,437. The price then started a decent recovery wave and moved above the $2.80 and $2.950 resistance levels. This upward movement was followed by a close above the $3.00 resistance.
The bulls remained strong as they propelled the price over 15% and outperformed Bitcoin and Ethereum in the process. Additionally, Toncoin’s price cleared a significant bearish trend line with resistance at $3.50 on its daily chart.
Moreover, the TON/USD pair has also cleared the 23.6% Fib retracement level of the downward move from the $7.20 swing high to the $2.43 low. The current price action is considered positive and suggests a high likelihood of additional upside movements.
The immediate resistance sits near the $4.00 level, followed by a major resistance at $4.250. A clear break above the $4.25 level could trigger another decent increase, with the next key resistance forming around $4.50.
Source: https://coinchapter.com/toncoin-ton-price-flashes-bullish-signals-is-a-surge-to-4-80-next/?utm_source=rss&utm_medium=rss&utm_campaign=toncoin-ton-price-flashes-bullish-signals-is-a-surge-to-4-80-next
