Toncoin (TON) Price Prediction: Can TON Maintain Its Bullish Trend?

Toncoin’s [TON] price chart revealed a strong bullish set-up that grabbed the crypto market’s attention, one supported by both technical and on-chain metrics.

Toncoin (CRYPTO: TON) showed signs of bullish momentum on Monday, as evidenced by both technical and on-chain metrics.

At press time, TON was trading at $5.808, following a 0.35% hike over the last 24 hours and a 1.02% gain over the past week. It was also up by about 11.61% over the last 30 days.

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The Inverted Head And Shoulders Pattern

The crypto opened trading at $5.786 and hit a high of $5.836, while the low stood at $5.766.

The Relative Strength Index showed bullish momentum at press time, as the indicator was reading 54.06.

The bullish momentum was also supported by an inverted head and shoulders pattern on the TON price chart.

This pattern is formed when the price makes three lower lows, with the middle low being the lowest of the three. The highs also get progressively lower, forming the "head" and "shoulders" of the pattern.

A breakout above the descending trendline from the pattern, which occurred in TON's case, is considered a bullish signal, indicating a potential reversal in the price trajectory.

CryptoSlate TON Network Net Growth Chart

On-Chain Metrics Show Accumulation, But Large Transactions Decline

The Net Network Growth was neutral at 0.70%, highlighting stability in network activity over the past 24 hours to 2 days.

Meanwhile, the concentration of top holders increased slightly by 0.11%, indicating sustained confidence from key players in the TON network.

However, large transactions, defined as transfers of 100,000 or more units over the past 24 hours to 7 days, showed a 2.01% decline, reflecting reduced activity among whales.

On the other hand, smaller transactions, defined as transfers of 100 or less units over the past 24 hours to 7 days, increased by 1.13%, highlighting steady accumulation by smaller participants.

CryptoSlate TON MVRV (30 Days) Chart

Profitability And Technical Indicators Point To Further Gains

The MVRV ratio was reading 14.16% at press time. This level reflected moderate profitability among holders without signaling an overbought market.

This reading suggested that there was still some room for further upward movement in TON before triggering significant sell-offs.

To sustain this momentum, additional buying pressure would be required to overcome the resistance at $5.848.

TradingView TON/USD Chart

Finally, a look at TON's technical indicators showed the altcoin’s bullish outlook.

The Directional Movement Index highlighted strong trend strength, with the -DI at 22.15 and the +DI at 19.82, signaling that sellers were still slightly active, but buyers had been gaining dominance.

The Average Directional Index reading stood at 20.39, confirming that the trend had significant strength behind it.

TradingView TON/USD Chart

Additionally, the Stochastic RSI had a reading of 86.69, which, while nearing overbought levels, pointed to room for upward movement.

Together, these indicators suggested that buyers had been increasingly taking control and TON could see further gains.