While major cryptocurrencies struggle under renewed selling pressure, Toncoin is showing relative strength. The token is up roughly 2% today, diverging from the broader market bearish sentiment. In a risk-off environment where most altcoins are facing distribution, TON’s ability to hold gains suggests selective capital rotation rather than speculative noise.
The move raises a question: Is Toncoin price simply bouncing, or is a major rally beginning to take shape. The answer lies in its price structure, derivatives positioning and on-chain ecosystem activity.
Toncoin (TON) Displays Trendline Breakout: Is $1.50 Next Stop?
For the past few weeks, Toncoin price has been trading under pressure amidst broader market headwinds, but today it has displayed relative strength and turned green. On the hourly charts, it has violated the falling trendline barrier and stabilized above the $1.30 resistance zone. The breakout above the zone resulted in retest of the 200 day EMA. If the TON price sustains above $1.35 and continues building higher lows, buyers are likely to retest the next resistance band between $1.40 and $1.50, which marks the most recent swing high region.
A decisive move above the $1.50 mark could open the path toward $2 in the near term. On the downside, a break below $1.20 would weaken the breakout thesis and increase the probability of a retest toward the $1 consolidation floor. For now, however, price action reflects constructive momentum rather than exhaustion.
Long/Short Ratio Shows Bullish Positioning
Long/Short data adds another layer of credibility to the move. Toncoin’s Long/Short ratio currently stands at 1.07, meaning long positions slightly outweigh short positions. This is important for two reasons:
First, it confirms bullish bias without signaling overcrowding. Ratios above 1.3–1.5 often precede liquidation cascades. At 1.07, positioning remains healthy and controlled. Second, it suggests traders are positioning cautiously rather than aggressively chasing upside. This balanced optimism supports price continuation rather than signaling immediate overheating.
Total Value Locked (TVL) Climbs to $62.33M Amid Market Selloff
Fundamentally, Toncoin’s ecosystem is showing resilience. Total Value Locked (TVL) increased by 1% today to $62.33 million, even as broader market liquidity remains fragile.
Rising TVL during a market-wide pullback suggests capital is not exiting the network. Instead, funds are either remaining deployed or incrementally entering the ecosystem. TVL expansion, particularly during broader weakness, often precedes stronger price stability and potential upside continuation. Unlike short-lived speculative spikes, TVL growth reflects structural participation.
Is a Major Rally Coming?
Toncoin is now at a technical inflection point. The breakout above descending resistance, combined with stable derivatives positioning and rising TVL, forms a constructive short-term setup. If TON price sustains above $1.33 and pushes through $1.40, momentum could accelerate toward $1.50. A break above $1.50 would confirm structural higher highs and potentially open the door to a broader recovery phase. However, the broader crypto market remains a risk factor. A sharp downside move in Bitcoin (BTC) could invalidate TON’s relative strength and pull price back toward support zones.
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