Toncoin Consolidation Phase Ends with Potential Breakout

Toncoin (TON) has been experiencing a consolidation phase over the past week, trading around $1.86 and creating a tight range that typically precedes significant price movements.

The technical analysis suggests that TON is likely to break out towards $2.10 within the next two weeks, with a probability of approximately 13% upside from current levels.

According to blockchain.news, this breakout would be triggered by a volume-supported break above $1.93, which would confirm the accumulation phase has ended and the markup phase has begun.