Toncoin is poised for a potential 2,185% rally if it breaks the $1.95 resistance level, following an 86% drawdown from its all-time high. The token is currently retesting a crucial demand zone between $1.10 and $0.80, which has historically marked the start of bullish cycles. Analyst Crypto Patel identifies this area as a high-confluence zone, suggesting smart money accumulation.
Key breakout levels for Toncoin include $2.65, $6.90, and $15, with a potential upside target of $30. The token's ability to hold above $0.75 is critical for initiating this rally. Traders are closely monitoring these levels for signs of a reversal, as breaking above $1.95 could confirm a bullish trend and trigger significant upward movement.
Toncoin Eyes 2,185% Rally Amid Key Support Levels
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
