Notice here a long long-term all-time high of $36.3 being on the list of targets. A more reasonable, conservative target sits at $20.8. Both these numbers are possible in the coming years. $20.8 is high probability as well as $13.1 before this newly developing market cycle ends.
Good afternoon my fellow Cryptocurrency trader, I hope you are having a wonderful day.
Toncoin, TONUSDT, is very similar to the Dogs chart. We have a major bullish breakout to signal the end of the downtrend and also the start of a prolonged bullish period. Notice here also the highest volume on a single session since the previous bullish cycle.
The current action is happening above 0.148 Fib. extension and below the March 2025 low which is working as resistance. This space has been highlighted pink. This situation here shows that it is still early for TONUSDT.
Notice how in the past (left side of the chart), all trading below the March 2025 low is part of a prolonged accumulation phase. Only after this project moves above this level we enter the bullish zone and in this zone anything can happen. We already know what is going to happen, it is already happening—long-term growth.
You can find additional information on the chart. The bullish bias is already confirmed. There is no going back now, we are going up.
Namaste.