Toncoin Breaks Through Resistance
🔹Toncoin has climbed above the $3.00 mark for the first time since early June, breaking out of a descending triangle that had been capping growth since late 2024. This technical breakout was accompanied by a 10% surge and a sharp increase in trading volume, signaling a potential trend reversal. Strengthening of the OBV indicator and a bullish reversal on the TSI point to renewed upward momentum, while derivatives data confirms growing trader interest — open interest is up 40%, and trading volume has increased more than fivefold.
🔹On the 4-hour chart, Toncoin confidently broke through the $2.93–$3.00 resistance zone, flipping the Supertrend and DMI indicators in favor of buyers. The price is holding above all key EMAs and the VWAP, reinforcing confidence in the new support level.
🔹However, a short-term consolidation in the $2.95–$3.05 range is possible…
https://crypto-jazz.com/altcoin/2025/07/07/toncoin-breaks-through-resistance/
