Toncoin ($TON) has recently completed a retest after breaking through the falling wedge pattern. This technical pattern is frequently interpreted as a bullish signal. This means that the price may continue its upward direction in the coming days as it is using the upper line of falling wedge pattern as support. According to latest chart, $TON is now ready to grow in price but the target price stays the same as the coin did not smash its prior low.

                                                                                                   TON/USDT TradingView

Toncoin Set to Hit $7.45, $8.85 Following Bullish Momentum

At the time of writing, $TON price is $5.57955 per coin on Binance. Coin market capitalization is currently at $14.24 billion USD and through a strong position in the market. A key level to watch for investors is the first target price at $TON $7.45. If this price target is reached, it would also be a big jump from the price at which it is currently trading.

After a short correction, $TON will continue further and the next price target stands at $8.85, as per the prediction. This projection shows that $TON has a lot of potential for growth in the near future. In case, it follows the bullish trend of the falling wedge breakout.

$TON Gains Momentum with Strong Potential for Growth

The typical movement of a falling wedge pattern is upward. This is the direction that many investors expect for $TON. The coin has already shown strong momentum and it is likely to continue on the upside with the support of the technical breakout and positive market dynamics. In the next few weeks investors are following closely to see if $TON hits the $5 and $10 target prices.

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Finally, after breaking and retesting the falling wedge pattern, TON has now clear potential for growth. For the outlook for $TON, the target price stands at $7.45 for the first time and the second time at $8.85 after a correction. Currently, Toncoin is trading at $5.57955, with its market capitalization of $14.24 billion. In this way, it is definitely one of the coins to watch in the following months.

It is recommended to always DYOR before investing in volatile assets.