Based on a new study by crypto expert Ali Martinez, the value of Toncoin (TON) could go up by as much as 40%. Martinez says that TON is about to break out of its present range and set a goal price of $11. Martinez is known for being very good with numbers.
A close look at the charts led to this statement. The rising triangle pattern on TON/USDT over a 12-hour period is one of the most important bullish signs.
There is a horizontal resistance line around $7.54 and an ascending support line that make up the ascending triangle. This is a classic design that shows that prices may be going up. When this pattern shows up, it usually means that the difference between supply and demand is narrowing. As the price gets closer to the top, it usually ends with a breakout.
Toncoin’s Strategic $7.2 Entry Point
Martinez’s analysis uses the measured move method to predict a goal of $11 by adding the distance from the breakout point to the widest part of the triangle (about $3.07, or a 40.03% rise). This method makes it more likely that the price of TON will go up by a large amount.
Fibonacci retracement levels were applied to a 4-hour chart of TON’s performance in a Binance Tether (USDT) perpetual contract, which adds to the strength of the study. Based on recent price changes, these levels show important support zones at prices like $7.44, $7.30, $7.1912, and $6.9220. They give traders who want to profit from TON’s expected movement more information about possible entry and exit places.
Martinez says that even though the outlook is good, the TD Sequential sign shows that there could be a short-term drop to $7.2. People who want to buy see this level as a good chance to get in with less risk before the predicted breakout towards $11. It is the same as the 23.6% Fibonacci retracement.
When Martinez talked through X, he stressed how important the $7.2 starting point was from a strategy point of view, as it was both a technical level for retracement and a psychological base. Toncoin was selling at $7.59 at the time of publication. This showed how the market was feeling and how interested people were in waiting for the predicted breakout.
They should keep a close eye on these technical signs as they get ready for the value of Toncoin to go up.
