Toncoin surges 25% in three weeks, targets $4.08

Toncoin (TON) has recently entered a bullish phase, with its price showing a strong upward movement over the past few weeks. The daily chart indicates a clean breakout pattern, leading investors to speculate whether the rally could push TON's price beyond the $4 psychological barrier. The recent bullish price action can be attributed to a combination of market recovery, increasing interest in the Telegram ecosystem, and positive momentum across the altcoin sector. The chart itself tells a compelling story: TON's price has broken above key resistance near $3.00 and is now trading around $3.18, gaining over 25% from the July lows around $2.52. This 25% surge in less than three weeks shows strong buyer interest and institutional volume returning to the market.

The chart uses Heikin Ashi candles, which filter noise and reveal trend structure more clearly. Currently, there is a sequence of strong bullish candles without long lower wicks, suggesting trend strength and buyer dominance. Key observations include resistance zones where the price is testing the $3.20–$3.35 resistance band, with Fibonacci projections hinting at further upside toward $3.50, $3.76, and even $4.00. The current move aligns closely with the 1.272 Fibonacci extension at $3.35 and 1.618 at $3.76, based on the June–July rally from $2.52 to $3.18. The RSI (14) is currently at 65.30, pushing into bullish territory without being overbought, indicating there’s still room to run before the price becomes technically overheated.

Applying Fibonacci extensions based on the recent swing low ($2.52) and swing high ($3.18) implies a technical upside potential of ~28% from the current level if TON hits the $4.08 mark. This suggests that the rally may persist toward the $3.76–$4.08 zone if the RSI and Heikin Ashi trend continue to show strong momentum without exhaustion. However, it is crucial to watch for bearish RSI divergence, strong rejection candles around $3.35 or $3.76, and volume tapering off on higher highs. If none of these show up, the rally may persist toward the $3.76–$4.08 zone. On the flip side, if $3.00 fails to hold as support, the correction could extend toward $2.80 or $2.52.

Given the current momentum and bullish technical structure, the short-term target is $3.35, the mid-term target is $3.76, and the high-conviction target is $4.08 (2.0 Fibonacci extension). Support levels are at $3.00, $2.80, and $2.52. If TON's price maintains its current trajectory, $3.76 could be hit within the next 7–10 days, and a surge to $4.08 is realistic within the next 2–3 weeks, provided the crypto market remains stable. Toncoin is showing all the bullish signals: steady RSI growth, a clean Heikin Ashi trend, Fibonacci support, and breakout price structure. If you're eyeing a breakout altcoin this month, TON is worth watching closely. However, always manage your risk and monitor key levels.