Since May 28, 2025, Toncoin has witnessed a sharp breakout that briefly propelled the Toncoin price above the $3.50 mark before retracing toward the $3.30 zone. This move followed days of tight-range accumulation, which has confirmed the resolution of a descending wedge structure seen across both the daily and 4-hour charts. The sharp wick to $3.70 was quickly rejected, but as of May 29, 2025, today, the pullback continues to hold above key breakout zones, suggesting that bullish intent stays intact.
Strong Breakout and Reclaim of Key Levels Supports Bullish Bias
On the 4-hour chart, Toncoin price today hovers around $3.32, consolidating just above the $3.20–$3.25 area, which now acts as critical support. This zone marked previous horizontal resistance and also overlaps with the 0.5 Fibonacci retracement level from the April decline ($3.23), aligning it as a decisive pivot level for bulls.
The breakout came after Toncoin printed a classic descending wedge, with a compressed range between $3.00 and $3.10, followed by a vertical rally that broke both diagonal and horizontal resistances. This rally carried Toncoin price into the 0.618–0.786 Fibonacci resistance band ($3.31–$3.43), where it is currently stalling.
The surge also invalidated a prior bearish structure by breaking the trendline from the April highs, making this a significant Toncoin price update from a structural standpoint. Volume on the breakout candle surged noticeably, adding conviction to the move.
Indicators Show Short-Term Consolidation After Vertical Rally
RSI on the 30-minute chart has cooled off from overbought territory and now reads around 49, showing a neutral-to-slightly-bearish divergence. The RSI rejection near 75 was followed by a bearish crossover in the MACD, with histogram bars dipping into negative territory. These developments point toward consolidation or a minor retracement.
On the daily timeframe, RSI remains healthy and trending upward, currently sitting near 56. MACD lines have crossed bullishly, and histogram bars are green, supporting the broader bullish trend. However, the lack of follow-through above $3.45 keeps the rally vulnerable to profit-taking unless price reclaims this area decisively.
Bollinger Bands on the 4-hour chart are now expanding, indicating rising Toncoin price volatility. The upper band is near $3.48 and the middle band at $3.24, aligning with key intraday support. Price is hovering just below the upper band after a squeeze breakout, which typically signals the early stage of a volatility expansion cycle.
The Ichimoku Cloud on the 30-minute chart shows price attempting to remain above the cloud, although Tenkan and Kijun lines are beginning to flatten. A bullish TK cross recently occurred, but price needs to stay above the $3.28–$3.30 zone for the bullish setup to remain valid. A drop below the cloud could trigger a quick retest of $3.21.
What’s Happening with Toncoin’s Price?
From a price structure standpoint, Toncoin price action has now moved from a compression breakout phase to a potential bullish continuation — if the $3.25–$3.28 support cluster holds. The quick rejection from $3.70 is not uncommon after vertical rallies, and bulls will likely wait for a healthy retracement before initiating new positions.
Fibonacci retracement levels from the April high to the May low place current price right at the golden pocket zone (0.618), which often acts as short-term resistance. Above $3.43, the 0.786 level near $3.54 becomes the next target, while a clean break of $3.58 opens the door toward the $4.00 psychological level.
On the downside, immediate support rests at $3.23 (Fib 0.5) and then at $3.12 (confluence of prior wedge resistance and 200 EMA on 1-hour). A break below $3.12 would expose $3.00 again — a zone that served as base support throughout May.
Why Toncoin Price Going up Today
The Toncoin price spikes observed on May 28 were primarily driven by a textbook technical breakout from a descending wedge, increased volume, and a positive shift in momentum indicators. Additionally, TON’s growing visibility in DeFi and ecosystem expansion may be feeding into broader investor optimism.
Despite the pullback, the breakout remains structurally intact unless $3.12 is lost. If bulls can defend this level and break above $3.45 again, the next leg toward $3.70 or even $3.88 could unfold rapidly due to thin resistance zones overhead.
Toncoin Short-term Forecast and Key Levels for May 30
Metric | Level |
Current Price | $3.32 |
Resistance Levels | $3.43, $3.54, $3.70 |
Support Levels | $3.25, $3.12, $3.00 |
RSI (30-min/4H) | 49.8 (neutral) / 56 (bullish) |
MACD (30-min/4H) | Bearish crossover / bullish |
Bollinger Bands (4H) | Volatility expanding |
Fibonacci Resistance | 0.618 at $3.32, 0.786 at $3.43 |
Ichimoku Signal (30-min) | Near cloud edge, neutral |
Toncoin’s near-term trajectory hinges on whether it can hold above $3.25 and reclaim the $3.45–$3.50 range. If buyers step back in, a rally toward $3.70 is plausible. However, a drop below $3.12 would invalidate the breakout and expose the token to a deeper correction.
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