Toncoin Price Edges 2% Closer to Breakout at $3.05

Toncoin (TON), the native token of The Open Network, has recently shown signs of renewed bullish momentum after weeks of sideways trading. The token has been consolidating between $2.50 and $2.90 for most of June and early July, but recent price action suggests a potential breakout. The latest daily candle closed at $2.989, edging above the psychological $2.95–$3.00 resistance zone. This movement is supported by improving technical indicators such as the Relative Strength Index (RSI) and a bullish Heikin Ashi structure, which are drawing renewed attention from traders.

The 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, driving prices further. The chart is beginning to trace a stair-step pattern upward, a sign of accumulating bullish strength. The candles are getting longer with smaller lower wicks, hinting at buyer dominance.

Using a Fibonacci extension from the recent swing low ($2.53) to the local high ($3.05), clear upside price targets can be identified. The Fib 1.0 level is at $3.05, the Fib 1.618 level is at $3.57, the Fib 2.0 level is at $3.80, and the Fib 2.618 level is at $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 the token is just ~2% away from the breakout point, bulls are circling.

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.

Based on current indicators and chart structure, the short-term target for TON price is $3.20, the mid-term target is $3.57, and the longer-term stretch is $4.20. 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.

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.