Toncoin is back on traders’ radar as its price edges closer to a possible breakout. Trading around $3.35 right now, TON is showing signs of strength within a rising channel structure on the 4-hour chart.
A tweet from crypto analyst ZenithZoro outlines a clear setup: buy between $3.11 and $3.26, with a stop loss below $2.92 and a target at $3.537, right near key resistance.
So far, the setup looks clean. TON price bounced from support, respected the trendlines, and now it’s gearing up for the next move.
The Channel That’s Shaping TON Trade
TON has been moving within a steady upward-sloping channel. It’s bounced off the bottom of the channel multiple times, keeping the trend alive. As long as TON price stays within this path, bulls remain in control.
Earlier, there was a pullback from the $3.48 area, which led to a brief downtrend. That move found a bottom near $2.78, a zone that now looks like solid support. Since then, the TON chart has flipped bullish again, with higher lows and higher highs taking over.
Read Also: How Much Could 500 Toncoin (TON) Tokens Be Worth by 2026?
The Buy Zone and Why It Matters for TON
The tweet highlights a buy zone between $3.11 and $3.26, and the chart supports that call. That range has already been tested and held, which is usually a good sign in a bullish setup. Just below that sits another demand zone around $2.75 to $2.85, where buyers stepped in earlier this month.
If TON price stays above $3.11, this trade setup remains valid. But if it drops below that and breaks the lower channel line, momentum could shift.
Can TON Price Hit $3.537 Next?
That’s the big question. The $3.48 to $3.58 area has acted as a ceiling for a while now. It’s where price has been rejected before, and that’s exactly where the target of $3.537 lands.
If TON price can push through with strong volume, the move could play out. But traders will be watching closely. A breakout needs confirmation, and right now, the structure is in place, but the breakout hasn’t happened yet.
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