Assessing TON’s price breakout and where altcoin might be heading

• Inverted head and shoulders breakout positioned TON for a potential move above $5.848
• Market confidence has been on the rise, with technical indicators and on-chain metrics in line with bullish momentum

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. At press time, TON was trading at $5.808, following a 0.35% hike over the last 24 hours. 

However, the question remains whether TON can maintain this momentum and confirm a lasting upward trend on the charts. 

Evidence of bullish momentum

The inverted head and shoulders pattern is a widely recognized bullish signal, indicating a potential reversal in TON’s price trajectory. The breakout above the descending trendline further validated the positive sentiment – A sign of increasing buying pressure. 

However, the resistance at $5.848 could present a significant challenge if buying momentum weakens. Additionally, clearing this level would likely pave the way for stronger price action in the near term.

Source: TradingView

TON’s on-chain signals show steady accumulation

TON’s on-chain metrics offered a bullish outlook. The Net Network Growth was neutral at 0.70%, reflecting stability in network activity. Additionally, the concentration of top holders slightly increased by 0.11% – A sign of sustained confidence from key players. 

On the contrary, the 2.01% decline in large transactions highlighted reduced activity among whales. Despite this, the steady accumulation by smaller participants seemed to reinforce the bullish sentiment for TON.

Source: IntoTheBlock

More room to grow?

At press time, the MVRV ratio stood at 14.16%, reflecting moderate profitability among holders without signaling an overbought market. This level suggested that TON still has room for further upward movement, before triggering significant sell-offs. 

However, sustaining this momentum will require additional buying pressure to overcome the resistance at $5.848. Therefore, market participants should watch closely for any shifts in sentiment.

Source: Santiment

Technical indicators reinforce optimism

The altcoin’s technical indicators reinforced the bullish outlook for TON. The DMI highlighted strong trend strength, with the -DI at 22.15 and the +DI at 19.82, signaling that sellers are still slightly active, but buyers have been gaining dominance.

The ADX reading of 20.39 confirmed that the trend has significant strength behind it.

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 have been increasingly taking control and TON could see further gains.

Source: TradingView

Read Toncoin’s [TON] Price Prediction 2025–2026

Can TON maintain its bullish trend?

TON’s price action, supported by technical and on-chain signals, indicated that the bullish momentum is likely to continue.

A decisive break above $5.848 would confirm the uptrend, alluding to the potential for further gains. Therefore, TON appears poised to sustain its bullish trajectory in the near term.