Toncoin (TON) Price to $5.3? Here's a Major Trend To Watch

Key Points

1. Toncoin's price was trading at $3.13, down 5.07% in 24 hours, with a 53.94% drop in trading volume to $336.14 million.

2. Ali Martinez states that holding above $2.87 could lead to a rise to $5.30, supported by a rising trendline and key support levels.

3. Toncoin's RSI is at 58.91, indicating potential liquidation risks if the price drops further.

4. To reach $5.30, Toncoin needs to overcome resistance levels at $3.57-$3.60 and $4.00, requiring a reversal from low trading volume.

5. A breach above $4.00 could signal a breakout toward the $5.30 target.