#Toncoin forms a base around $2.00 before rallying towards $3.00, facing resistance and experiencing a notable decline, only to rebound upon reaching support at the symmetrical triangle trendline.
After bouncing from $2, TON experienced a parabolic surge and currently hovers around $4.50, nearing the upper trendline of the major channel.
On March 11, TON surged past a significant barrier of $3.00, mirroring BTC's trajectory, and sustaining its upward momentum.
In the last 3 days, TON's price soared by 60%, forming three consecutive green candles and achieving a new All-Time High.
$TON price surged 15% to $4.30, driven by upbeat forecasts and potential interest in the Telegram IPO, hitting its highest level since January 2022.
If bulls maintain a position above the ascending channel's upper resistance level, $TON is likely to target the upper resistance zone between $5.00 and $7.00 in the upcoming week.
However, failure to surpass the ascending channel's upper resistance might trigger a trend reversal, leading the price back towards its support level of $3.00.
According To Coingabbar's analysis, Toncoin Price Prediction 2030 it may achieve around $20 and Toncoin Price Prediction 2040 it could reach approximately $50
KEY LEVELS :
RESISTANCE LEVEL : $5.000-$6.000
SUPPORT LEVEL : $3.500-$2.500
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