Toncoin (TON) is currently trading at $3.09, marking a 3.48% decline over the past 24 hours. The broader crypto market saw a milder 0.92% dip during the same period, signaling TON’s relative underperformance. Against Bitcoin, TON fared even worse, dropping by 4.94%. Despite this short-term weakness, interest in Ton price prediction remains strong as traders look for signs of a potential recovery and breakout.
Despite the short-term weakness, a bullish case is emerging. According to price predictions, TON could climb to $3.93 by May 20, 2025—a potential 29.79% gain in the next five days. Supporting this outlook is a sizable liquidation cluster just above the $3.66 level, with over $999,000 in short positions poised to be squeezed. In crypto markets, such zones often act as price magnets, as forced buybacks from short sellers accelerate upward moves.
Technical patterns further support the bullish view. TON is trading within a triangle formation, with the measured move projecting a breakout target near $5.50 if the coin decisively breaches the $3.30–$3.50 resistance. Whale accumulation and bullish sentiment amplify the chances of a short squeeze pushing prices toward $3.66 and beyond.
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However, traders should not ignore the warning signs. TON has tested the $3.50 resistance multiple times without a strong close above it. This suggests buying pressure may be stalling, and if momentum doesn’t pick up soon, consolidation could continue. A break below support would invalidate the bullish setup and potentially open the door to lower levels—possibly as far as $1.10–$1.20, though such a move would likely require broader market weakness.
As TON nears the apex of its triangle, volume will be the key signal. A breakout with rising volume could confirm the move. Until then, traders are watching closely for a decisive breakout to validate the next leg of TON’s price journey.
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