Toncoin Eyes 50% Move as Symmetrical Triangle Breakout Looms
A technical analyst on X highlights that Toncoin (TON) is coiling inside a symmetrical triangle pattern on the daily chart. This formation, defined by two converging trendlines sloping toward each other, signals that consolidation is narrowing as the price approaches the apex. Historically, breakouts from symmetrical triangles carry no directional bias—upside and downside moves are equally probable. According to the analyst, a breakout could trigger a 50% price move in either direction.
Toncoin has recently tested the lower trendline, trading around $3.04 before rebounding to $3.11. Traders should watch for a retest of support. A successful hold could pave the way for a bullish surge, while a breakdown would confirm bearish momentum. With the pattern nearing completion in the next few months, volatility is set to rise. Toncoin traders should prepare for a significant price swing.
Neutral
The formation of a symmetrical triangle on Toncoin’s daily chart suggests an equally probable breakout in either direction. This pattern typically leads to significant volatility near its apex, and the analyst’s projection of a 50% price move underscores the potential scale of the swing. As Toncoin tests its lower trendline around $3.04–$3.11, traders face a neutral bias: a hold of support could trigger a strong bullish rally, while a breakdown would confirm bearish momentum. Similar symmetrical triangle setups on other altcoins have produced both sharp rallies and steep declines, emphasizing that market reaction will depend on the direction of the breakout. In both the short and long term, volatility and clear trend signals post-breakout will drive trading decisions.