{"content":"🔥 TON Ignites a Bullish Pattern — Is a 50% Breakout Imminent? Rising over 5% in the previous 24 hours, Toncoin (TON), the native cryptocurrency of The Open Network, indicates fresh market demand. This bounce follows a more general market collapse in which TON dropped along with other big cryptocurrencies late last week. Because higher lows and lower highs create price compression, the symmetrical triangle is a neutral chart pattern. This naturally means there is great possibility for a 40% price fluctuation on both sides as neither the buyers nor the sellers are in positive control of the market. Toncoin trades now for $3.16 after the recent price bounce. The cryptocurrency is projected to go as high as $4.55-$4.65 if market bulls drive a breach from the upper barrier of $3.28. A collapse near the bottom limit at $3.10 may provide a market price between $1.80 and $1.90. Fascinatingly, TON's relative strength index right now lies at 49.37 facing the upward direction, which also points to a neutral market even if positive momentum is beginning to gather. A cross above 50 would provide bulls confirmation as TON approaches the overbought zone. TON continues to trade at $3.16 representing market gains of 5.12% and 4.62% in the last one and seven days respectively, as was already mentioned. Originally creators of TON and provides a strong connection with the cryptocurrency project, Telegram LLC has logged a number of encouraging events helping to explain the current price swings. Despite a year-on-year drop of 49.98%, Toncoin, with a market capitalization of $7.79 billion, stands as the ninth biggest cryptocurrency worldwide. #CEXvsDEX101 #TradingTypes101 #TON #PCEMarketWatch #MarketPullback $TON ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/01/3cb932926daf482a8119cee611e988c5.png"],"tags":[],"tradingPairs":["TON/USDT"],"quotearticleid":0}