- Toncoin bounces from $2.50–$2.80 support after strong wick rejections.
- Price approaches $4.80 mid-channel resistance in a falling channel.
- A drop below $2.40 would invalidate the current bullish structure.
Toncoin (TON) has shown a decisive rebound after revisiting a long-standing demand zone between $2.50 and $2.80. This area has played a central role in previous price cycles, serving as both a resistance and support level across different market phases.
Toncoin Tests Critical Price Range
According to Rose Premium Signals analysis, TON is currently moving within a falling channel. Price has recently reacted to the channel’s lower boundary, pushing higher with clear bullish momentum.
This pattern resembles a reversal setup commonly observed after extended downtrends. Candlestick wicks printed near the $2.50–$2.80 range reflect strong rejections of lower prices, signaling buyer interest in that region. Toncoin’s ability to maintain structure above this key zone has drawn attention to its next potential targets.
With the current recovery, Toncoin is now approaching the mid-point of the falling channel, which is near the $4.80 level. Historically, this area has provided temporary resistance during channel movements, acting as an interim barrier before any extended trend continuation. The price now appears to be testing this range.
Price Approaching Channel Mid-Level, Key Levels, And Invalidations
Should Toncoin close above the mid-channel resistance, technical projections shift focus to the top of the descending structure. The upper boundary, around $6.50, aligns with the broader channel pattern and would be the next level of interest if bullish momentum persists.
Beyond that, price history reveals a previous swing high near the $8.00 region, representing another level that may come into play if the upward movement gains further strength. Despite the bullish structure forming, a move below $2.40 would invalidate the current setup.
This level stands as the key structural floor, and a close beneath it would signal a break from the bullish formation. Such a move would shift focus away from higher targets and indicate a disruption in market behavior.
