Toncoin (TON) Price Prediction for July 7, 2025: Breakout Rally Lifts TON Past $3.00 as Buyers Return
After months of compression, Toncoin price has finally broken out of a descending triangle that capped upside since late 2024. The breakout comes with a 10% single-day move, lifting Toncoin price today above the $3.00 mark for the first time since early June. Market participants are now assessing whether the move is backed by volume strength and structural support.
What’s Happening With Toncoin’s Price?
On the daily timeframe, TON had been coiling inside a large descending triangle since its $7.50 high in late 2024. The breakout above the triangle resistance, confirmed by today’s strong bullish candle marks a structural reversal, potentially opening the door to a mid-term trend change. This breakout also follows an extended period of price stability above $2.60, suggesting solid base-building under the pattern.
Supporting this move, the On-Balance Volume (OBV) indicator has spiked, showing a strong inflow of volume. The True Strength Index (TSI) also appears to be curling upward after months of negative readings, suggesting momentum may finally be flipping in favor of bulls.
Why Is The Toncoin Price Going Up T…
The post Toncoin (TON) Price Prediction for July 7, 2025: Breakout Rally Lifts TON Past $3.00 as Buyers Return appeared first on Coin Edition.
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Toncoin (TON) Price Prediction for July 7, 2025: Breakout Rally Lifts TON Past $3.00 as Buyers Return
After months of compression, Toncoin price has finally broken out of a descending triangle that capped upside since late 2024. The breakout comes with a 10% single-day move, lifting Toncoin price today above the $3.00 mark for the first time since early June. Market participants are now assessing whether the move is backed by volume strength and structural support.
What’s Happening With Toncoin’s Price?
On the daily timeframe, TON had been coiling inside a large descending triangle since its $7.50 high in late 2024. The breakout above the triangle resistance, confirmed by today’s strong bullish candle marks a structural reversal, potentially opening the door to a mid-term trend change. This breakout also follows an extended period of price stability above $2.60, suggesting solid base-building under the pattern.
Supporting this move, the On-Balance Volume (OBV) indicator has spiked, showing a strong inflow of volume. The True Strength Index (TSI) also appears to be curling upward after months of negative readings, suggesting momentum may finally be flipping in favor of bulls.
Why Is The Toncoin Price Going Up T…
The post Toncoin (TON) Price Prediction for July 7, 2025: Breakout Rally Lifts TON Past $3.00 as Buyers Return appeared first on Coin Edition.
Read More
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