Here's What Toncoin Needs to do to Confirm Bullish Reversal | Credit: Derek Fenech
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Key Takeaways
Toncoin (TON) broke out from a descending resistance trend line.
The TON price trades inside a long-term symmetrical triangle.
Is Toncoin’s trend for the rest of 2025 bullish or bearish?
Toncoin recently broke out from a descending resistance trend line but has struggled to move outside its range high.
Despite its recent bullish momentum, the price must clear its long-term resistance to confirm its trend.
Let’s look at the charts and determine if this will happen.
Toncoin Price Analysis
The daily time frame chart shows that the Toncoin price has been below a descending resistance trend line since the beginning of April.
TON risked breaking down below the $2.85 horizontal support area during its descent. However, the price reclaimed the area in July after a brief decline.
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The chart shows that Toncoin could consolidate inside the triangle for a couple more months, but an eventual breakdown is likely.
Once that happens, the TON price could fall to $1.28, marking the end of its downward trend.
More Downside Likely
Toncoin’s initial breakout was promising, but the inability to hold above the $3.50 resistance and the bearish RSI divergence suggest that the rally may have been premature.
The price has since pulled back and could return to its range low and possibly break down.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
