Toncoin(TON) is approaching the breakout edge! Challenge $3.537 key resistance | TON price prediction

Toncoin(TON) is currently priced at $3.415. The 4-hour chart shows a clear rising channel structure, with technical formations releasing bullish signals. Crypto Assets analyst ZenithZoro's latest tweet clarifies the trading strategy: it is recommended to buy in the $3.11-$3.26 range, with a stop loss set below $2.92, targeting the $3.537 key resistance area. The TON price has recently found support multiple times at the lower band of the channel, forming a bullish structure with higher highs and higher lows. This article analyzes the trading logic of the TON channel, precise entry points, and the key conditions for breaking through the $3.48-$3.58 resistance zone.

Technical Pattern Formation: 4-Hour Chart Forms Bullish Ascending Channel Toncoin (TON) is back in the traders' spotlight as its price approaches a potential breakout point. The current trading price of around $3.35 for TON shows strong signs within a rising channel structure on the 4-hour chart.

A tweet from crypto analyst ZenithZoro outlines a clear trading strategy: buy in the range of $3.11 to $3.26, set the stop loss below $2.92, and target $3.537—this position is right near a key resistance. So far, this technical pattern has performed well. The TON price has rebounded from the support level, following the trend line, and is currently building momentum in preparation for the next wave of movement.

Channel Trading Logic: The lower band support is solid, and the bulls are in control TON has been operating within a stable upward-sloping channel. It has repeatedly bounced off the lower band of the channel, maintaining its rise trend. As long as the price of TON remains within this channel, the bulls are in control.

Previously, the price pulled back from the $3.48 area, leading to a brief downward trend. This movement found a bottom near the $2.78 area, which now appears to be a solid support level. Since then, the TON chart has turned bullish again, with higher lows and higher highs becoming dominant.

Gold Buy Zone Analysis: $3.11-$3.26 is the Bull-Bear Divide The buying range emphasized in the tweet is between $3.11 and $3.26, and the chart analysis also supports this judgment. This range has been tested and received support, which is usually a positive signal in a bullish structure. Just below this area is another demand zone, located between $2.75 and $2.85, where buyers entered earlier this month. Key Point: If the TON price stays above $3.11, this trading strategy remains valid. However, if it breaks below this level and drops below the lower band, the momentum may shift to bearish.

Target Level Challenge: $3.537 Can it Break Through? This is the current core issue. The $3.48 to $3.58 range has served as a ceiling for some time. This is where the price previously faced selling pressure, and the target at $3.537 falls within this range.

If the TON price can break through with strong trading volume, the target for this round of rise is expected to be achieved. However, traders need to pay close attention: the breakthrough needs to be confirmed. Currently, the technical structure is ready, but the real breakthrough has not yet occurred.

Conclusion: TON is currently at the key node of the ascending channel, and the range of $3.11-$3.26 is the best entry area for technical confirmation. A successful breakout of the strong resistance band of $3.48-$3.58 will open up more upside. Traders need to strictly enforce the discipline of stop loss (below $2.92) and closely watch the volume coordination when breaking out. The lower band of the channel (currently around $3.20) and $3.11 form a double support, and a retracement above this area can be seen as a low-sucking opportunity. However, if the price effectively breaks below the lower band of the channel and falls below $3.11, you need to be wary of the risk of a short-term trend weakening. Whether TON can take advantage of the situation to break through the long-suppressed psychological barrier of $3.50 will become a key litmus test for whether it can start a new round of trending market.