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Toncoin (TON), the native token of The Open Network, has been trading quietly for weeks—until now. After months of sideways consolidation and fading investor interest, TON price is showing its first real signs of bullish life. Recent price action on the daily chart suggests a potential breakout is in motion, with the token edging closer to the key $3 resistance level. Backed by improving technical indicators like RSI and a bullish Heikin Ashi structure, Toncoin price is drawing renewed attention from traders looking for the next big altcoin move. Is this just a temporary spike, or the start of a larger trend reversal? Let’s break it down with a detailed chart analysis and price prediction.
TON Price Prediction: Is Toncoin Price Breaking Out of Its Consolidation?
TON/USD Daily Chart- TradingViewToncoin (TON) price appears to be waking up from a long period of sideways price action, and the latest daily chart suggests a potential breakout is brewing. After a steady grind between $2.50 and $2.90 for most of June and early July, TON price has started showing bullish Heikin Ashi candles with stronger closes. The latest candle closed at $2.989, inching above the psychological $2.95–$3.00 resistance zone.
What’s interesting is that the chart is beginning to trace a stair-step pattern upward—a sign of accumulating bullish strength. More importantly, the candles are getting longer with smaller lower wicks, hinting at buyer dominance.
What Does the RSI Tell Us?
The Relative Strength Index (RSI 14) currently stands at 56.84, trending upwards after rebounding from oversold conditions below 40 in late June. This is a bullish signal, as RSI values above 50 typically indicate that bulls are in control. If the RSI crosses 60, it could attract more momentum traders into the play, driving prices further.
Let’s break this down:
- RSI on July 1: ~38 (bearish divergence)
- RSI on July 14: ~56.84 (confirmed reversal)
- RSI slope is positive and above the 14-day average (~45.99), suggesting sustainable upside.
Fibonacci Targets: How High Can TON Price Go?
Using a Fibonacci extension from the recent swing low ($2.53) to the local high ($3.05), we can identify clear upside price targets:
- Fib 1.0 level = $3.05
- Fib 1.618 = $3.57
- Fib 2.0 = $3.80
- Fib 2.618 = $4.20
If TON price can close a daily candle above $3.05, it would confirm a breakout and open the path to these Fibonacci extensions. Given that we are just ~2% away from the breakout point, bulls are circling.
Calculation Example:
Potential breakout gain to Fib 1.618:
→ Entry at $3.05, Target at $3.57
→ Gain = ((3.57−3.05)/3.05)×100≈17%
Can the Bulls Hold $2.95?
The $2.95–$3.00 zone is now a critical support area. If bulls can maintain momentum above this zone, the base will likely support the next leg up. Volume confirmation would further validate this breakout—currently, we see increasing green candles on Heikin Ashi, which often precede volume surges in trend reversals.
Failure to hold $2.95, however, could send TON price back to the $2.80–$2.70 range, forming a false breakout trap. But given the strengthening RSI and Heikin Ashi structure, the risk of breakdown looks low.
TON Price Prediction: Where to Next?
Based on current indicators and chart structure:
- Short-term target: $3.20 (conservative Fib level)
- Mid-term target: $3.57 (Fib 1.618 extension)
- Longer-term stretch: $4.20 (Fib 2.618)
If Toncoin price closes this week above $3.05 with RSI > 60 and follows through with higher highs, $3.57 is highly probable by early August. This move could be amplified by fresh capital entering the altcoin market.
Is TON a Buy Right Now?
Technically, TON price is on the verge of a breakout after weeks of dull movement. The RSI is rising steadily, candles are flipping bullish on Heikin Ashi, and price is pressing up against key resistance. If you’re a breakout trader, keep eyes on the $3.05 close. For swing traders, a retest of $2.95–$2.98 could be a good entry opportunity, with a stop below $2.85 and a target at $3.57+. If the bullish structure holds, Toncoin price might finally be preparing for its long-awaited breakout leg.
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