retracement or breakout above 3 dollars?

retracement or breakout above 3 dollars?

The post retracement or breakout above 3 dollars? appeared on BitcoinEthereumNews.com.

TON continues to assert itself as one of the most dynamic ecosystems in the crypto landscape. The strong integration with Telegram, the expansion of the TVL, and the growing institutional attention make it a unique case among layer-1 blockchains. Current Price Analysis of Toncoin (TON) 2.73 USDT: price recorded on June 23, 2025, at 12:56 PM CET – CoinGecko) Weekly change: -4%Monthly change: +6% In a context still dominated by macroeconomic uncertainties — from geopolitical tensions (Ukraine, Taiwan) to the upcoming US elections — TON has shown resilience, also thanks to a steady growth in the value locked in dApps and the support of its community on Telegram. TON: updated technical analysis Market metrics Price: 2.73 USDT Market cap: 6.74 billion USDT Volume 24h: 234 million USDT Current TVL: 329 million USDT (source: DeFiLlama) POC (3 mesi): 2.55 USDT Key indicators RSI (daily): 49 – neutral, room for future movements MACD (daily): bear crossover in stabilization phase ADX: 18 – weak trend, prevailing sideways scenario ATR: 0.14 – volatility in the average Funding rate: between +0.01% and +0.03% – cautious sentiment but more positive than negative Price Dynamics and Technical Patterns In the last three months, TON has operated in a range between 2.10 and 3.15 USDT, with the historical ATH set at 3.34 USDT (April 2025). At the beginning of May, it reached a relative high of 3.15, then started a correction on profit-taking. The lateral phase between 2.40 and 2.80 USDT, which lasted for most of June, was interrupted on June 11 with a breakout above 2.80 — confirmed by volumes — but without weekly consolidation. The subsequent return below 2.80 set up a classic bull trap. On the daily chart: A well-defined horizontal channel is highlighted between 2.40 and 3.15 USDT The volume is concentrated around 2.55…