bullish

Satoshi

Elite

Toncoin

<p>The crypto market witnessed a notable movement as Toncoin’s price recently broke out of a key technical pattern. Top analyst Satoshi Flipper shared a detailed chart on X (formerly Twitter) showcasing the bullish momentum in the TON/USDT trading pair.&nbsp;</p>
<p>He described the breakout as “flawless,” highlighting a retest of the breakout zone and a continuation toward higher price targets.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/solana-bulls-charge-toward-260-can-sol-price-break-through/" target="_blank" rel="noopener noreferrer nofollow">Solana Bulls Charge Toward $260: Can SOL Price Break Through?</a></em></strong></p>
<h2 class="wp-block-heading" id="ton-technical-analysis-symmetrical-triangle-breakout-validates-bullish-momentum">TON Technical Analysis: Symmetrical Triangle Breakout Validates Bullish Momentum</h2>
<p>Toncoin’s price action on the 2-hour chart revealed a classic symmetrical triangle pattern. Market activity has been interesting lately. The price chart showed a triangle pattern forming, which often signals a period of calm before something happens. In this case, the TON price broke through the upper boundary, signaling a potential shift in momentum.</p>
<p>After breaking out, the price pulled back and tested the upper line of the triangle. This is a common pattern traders look for – it confirms that the previous resistance has now become a support level. Traders noticed strong buying interest around $5.40 to $5.50, which matches where this support line sits.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-1024x501.png" alt="" class="wp-image-584797" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-1024x501.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-768x376.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-1536x752.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-2048x1003.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-306x150.png 306w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-715x350.png 715w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662-788x385.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-662.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/SatoshiFlipper/status/1858652280842584236" target="_blank" rel="noopener noreferrer nofollow">X/SatoshiFlipper</a></em></strong>
 </figcaption>
</figure>
<p>Looking ahead, the TON price faces some resistance near $5.70. If buyers can push through that level, the next target zone looks to be between $6.00 and $6.20. Investors are watching these key price levels closely to see how the market might move.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ondo-price-breakout-is-a-surge-to-3-next-analysts-weigh-in/" target="_blank" rel="noopener noreferrer nofollow">ONDO Price Breakout: Is a Surge to $3 Next? Analysts Weigh In</a></em></strong></p>
<h2 class="wp-block-heading" id="post-breakout-price-channel-supports-uptrend">Post-Breakout Price Channel Supports Uptrend</h2>
<p>After confirming the breakout, Toncoin’s price continued its upward trajectory within a newly formed price channel. This trend is characterized by higher highs and higher lows, suggesting consistent bullish momentum. The use of <a href="https://www.investopedia.com/trading/heikin-ashi-better-candlestick/" target="_blank" rel="noopener noreferrer nofollow">Heikin Ashi candlesticks</a> on the chart further emphasizes this momentum, as minimal downside wicks indicate strong buyer interest.</p>
<p>The upward channel reflects a structured move, with the price now aiming for previous swing highs. A sustained break above $5.70 could pave the way for Toncoin to test $6.00 and potentially higher levels. However, maintaining support near $5.50 is essential to preserve the bullish structure.</p>
<p>Furthermore, Satoshi Flipper described Toncoin’s movement as “cooking” in his recent tweet. He praised the breakout and subsequent continuation with emojis symbolizing bullish momentum (“LFG <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">”). The tweet reinforces positive sentiment around Toncoin, with the flawless execution of the breakout adding to market confidence.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/xrp-price-targets-ath-as-ripple-whales-accumulate-massively/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Targets ATH as Ripple Whales Accumulate Massively</a></em></strong></p>
<h2 class="wp-block-heading" id="targets-and-outlook-for-toncoin">Targets and Outlook for Toncoin</h2>
<p>If the bullish momentum persists, <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener noreferrer nofollow">Toncoin’s price</a> could target $6.00 and possibly $6.20, aligning with prior resistance zones. On the downside, holding above $5.50 remains key to maintaining the uptrend. This technical setup, combined with positive market sentiment, positions Toncoin as a token to watch in the near term.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/toncoin-ton-price-breaks-out-elite-analyst-reveals-why-6-is-likely/" rel="noopener noreferrer nofollow">Toncoin (TON) Price Breaks Out! Elite Analyst Reveals Why $6+ Is Likely</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Toncoin (TON) Price Breaks Out! Elite Analyst Reveals Why $6+ Is Likely

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