This Chart Pattern Could Launch Toncoin (TON) Price to $5 – Here’s Why
By: captainaltcoin|2025/05/16 04:15:05
0
Share
Toncoin is starting to turn heads as traders spot a chart setup that could lead to a major price move. A symmetrical triangle has formed on the daily chart, a pattern that usually shows the market is gearing up for a breakout.Crypto expert Ali shared this observation on X, pointing out that Toncoin price is tightening within the triangle and could be ready for a 47% move once it breaks out. As the price gets closer to the tip of the triangle, traders are watching closely, expecting a burst of volatility to follow.Symmetrical Triangle Signals Imminent Volatility For TON Price Toncoin has traded inside the symmetrical triangle pattern since March. The upper boundary is defined by a descending resistance trendline, while the lower boundary forms an ascending support trendline. The convergence of these trendlines indicates price compression, with the market preparing for a breakout in either direction.The current trading price is around $3.15. This places Toncoin price near the midpoint of the triangle, although it is moving closer to the ascending support. The structure reflects a classic pattern where buyers and sellers are narrowing their price range, reducing volatility before a larger price swing.Source: X/AliMoreover, the immediate support level stands near $3.00, a zone that has served as a reaction point during previous corrections. A further support range between $2.85 and $2.90 is in place if the price breaks below the triangle.On the upside, the key resistance lies between $3.55 and $3.60. This level represents the upper boundary of the pattern and is likely to be tested if buying pressure increases. A confirmed breakout above this resistance may open the door to price targets between $4.40 and $5.50.Read Also: Indicator That Predicted Pepe Past Moves Is Now Flashing a Sell SignalPotential TON Price Move Based on Measured TargetAli’s tweet noted a possible 47% move from the breakout point. This aligns with the measured height of the triangle pattern, which spans from approximately $2.30 to $4.50. Applying this range to a potential breakout at $3.30 yields a projected target near $5.50.Conversely, if Toncoin price breaks below the support, the technical target would be substantially lower. A decline toward the $1.10–$1.20 region remains a theoretical outcome but is less probable without broader market weakness.Traders Eye Volume as ConfirmationAs Toncoin approaches the apex of the triangle, volume trends will be closely monitored. A breakout accompanied by increasing volume would reinforce the move and help validate the direction. Until such confirmation occurs, TON price remains in consolidation with both bullish and bearish possibilities on the table.Ali’s chart and analysis continue to circulate across crypto social platforms, with traders awaiting confirmation of the breakout direction before positioning.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post This Chart Pattern Could Launch Toncoin (TON) Price to $5 – Here’s Why appeared first on CaptainAltcoin.
You may also like

The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.

Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM

On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.

《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI

Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?

500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111

AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.

Web3 teams should stop wasting marketing budgets on the X platform
The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other
When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other
Bitcoin hodlers are starting to nested be in each other.

Key Market Intel on March 12th, how much did you miss out on?
1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base
2. Biggest Gainers/Losers: $DRV, $LYN
3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%

The new center of Crypto
But the market is constantly evolving. By 2026, companies that can adapt to the new environment will survive, while those that continue to rely on the old script may face the fate of elimination.

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto
People often fantasize that wealth comes from catching every new wave. Sometimes this is true. But more often, wealth comes from riding a real wave and not blindly paddling away every time the water splashes around.

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?
Polymarket data shows that the current market is betting a 64% probability of an interest rate cut in June this year, with the probability rising to 81% for September.

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened
The digital assets that should have been returned to the victims have quietly flowed into government treasuries, strategic reserve funds, and law enforcement agencies' operational budgets.

Why Does Everyone Hate AI?
AI and Silicon Valley's PR Crisis

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX
The beauty of PropAMM on Solana is that the blockchain itself directly "hosts" the liquidity provider algorithm.
The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111