Toncoin (TON) Price Prediction: Toncoin Bulls Target $5.8 in Technical Setup with Strong Upside Potential
The post Toncoin (TON) Price Prediction: Toncoin Bulls Target $5.8 in Technical Setup with Strong Upside Potential appeared on BitcoinEthereumNews.com.
Toncoin’s bullish momentum is catching traders’ attention as fresh technical signals and ecosystem growth point toward a potential breakout that could redefine the altcoin’s near-term trajectory. After weeks of consolidation, Toncoin (TON) is showing signs of renewed strength, supported by an optimistic technical setup and growing interest from the broader crypto community. A recent analysis by a former Bloomberg analyst and full-time crypto researcher identified a descending wedge pattern on the TON/USDT chart—a classic bullish reversal formation. According to the study, this structure could drive Toncoin toward the $5.80 target, representing a potential 160% upside from its current price of around $2.32. Technical Setup Suggests a Bullish Reversal The descending wedge pattern that has formed on Toncoin’s chart since August 2025 has become the focal point for traders and analysts alike. This pattern is typically characterized by converging downward-sloping lines that reflect reduced selling pressure and growing accumulation among buyers. Once the price breaks above the upper boundary of the wedge with strong volume, it often signals the beginning of a new uptrend. TON is shaping a clear bullish setup, with a descending wedge pattern pointing to a potential breakout toward $5.8—implying roughly 160% upside from current levels. Source: @BFB via X In Toncoin’s case, momentum indicators are supporting this view. The Relative Strength Index (RSI) has been rising from oversold levels, indicating renewed buyer interest after a prolonged consolidation. The analyst behind the pattern analysis noted that while Toncoin’s chart is showing early signs of strength, confirmation will require a decisive volume breakout above resistance levels around $2.50 to $3.00. If achieved, this could validate a broader move toward the projected $5.80 target. Ecosystem Expansion Strengthens Toncoin’s Fundamentals Beyond chart analysis, Toncoin’s fundamental outlook continues to improve. The TON blockchain is closely integrated with Telegram, one of the world’s…
