Toncoin targets $4.5 and $4.8 as buying pressure increases.

! Toncoin (TON) has made a strong recovery from the $2.5 level at the beginning of March. Since hitting a monthly low at $2.35, TON has increased by 66% within three weeks.

Market structure maintains an uptrend

This breakout reinforces the positive market structure on the 1-day chart, paving the way for the upward trend to continue. Traders and investors can expect the stability of this growth momentum in the near future.

! Toncoin targets $4.5 and $4.8Source: IntoTheBlockOne point worth noting is that Toncoin does not have a strong correlation with other popular crypto assets. Data from IntoTheBlock shows that TON’s 30-day price correlation with Shiba Inu (SHIB) is +0.53 and with Bitcoin (BTC) is +0.23.

This shows that TON operates independently compared to other major currencies, creating a distinct growth trajectory that is not influenced by the fluctuations of the broader cryptocurrency market.

Toncoin may soon surpass the $4 mark

The lack of correlation with BTC over the past month is a positive signal for the bulls. This indicates that TON has decoupled from the influence of Bitcoin and may continue to rise even if BTC falls to around $80,000.

Data on the inflow/outflow of funds around the current price indicates that the range of $3.83-$3.94 has seen a buying volume of up to 673 million TON.

With investors at this price level making profits, a retest of this area may not trigger strong selling pressure, turning this into an important support zone.

On the resistance side, selling pressure does not seem to be too strong as only the area of $4.42-$4.54 is considered a significant barrier.

Network activity increases along with price

Activity on the TON network has also increased significantly in March. The 30-day moving average of the daily active addresses is setting higher lows compared to the second week of March, reflecting an increase in demand for using TON.

In addition, the amount of inactive tokens has seen several spikes over the past week, indicating a significant shift in supply. This may reflect investors taking profits after a strong price increase, but it does not diminish the potential for continued growth of TON.

Strong upward trend, the next targets are $4.5 and $4.8

The TON price chart maintains a solid bullish structure after breaking above the lower peak from February at $3.95. On smaller time frames, the price continues to create higher lows and higher highs, confirming the bullish trend.

Source: TradingViewThis positive market structure change may also extend to the daily timeframe in the coming weeks. The OBV indicator has risen sharply, surpassing the peaks set since the beginning of 2025 and is retesting the highs of December 2024, reflecting solid buying pressure.

Overall, the growth outlook for Toncoin remains very positive, with important resistance levels to watch being $4.5 and $4.8.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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Mr. Teacher

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