So, an analyst—because we all trust those guys, right? 😉—pointed out that Toncoin (TON), which sounds like a rejected Transformer, is trapped in a Triangle. Apparently, this could lead to a 40% move. Either up or down, because suspense!
Toncoin: Stuck in a Love Triangle (with Trendlines)
In a thrilling exposé on X, Ali Martinez (who I’m sure has a fascinating life) revealed that Toncoin is currently auditioning for a geometry textbook. It’s all about Triangles, darling. Technical analysis (TA), which is basically astrology for dudes who like charts, says it’s consolidating between two converging trendlines. Ooh, fancy!
The upper line is playing hard to get, acting as resistance. The lower one is all supportive, like your mom. A breakout could mean a continuation. Or not. Who knows? 🤷♀️
Now, there are, like, a million types of Triangles. Ascending, Descending, Symmetrical—it’s like a dating app for shapes. The orientation of these trendlines determines the Triangle’s personality. Are we having fun yet?
An Ascending Triangle is all about that net upside, darling. It’s parallel to the time-axis, which sounds way more impressive than it is. A Descending Triangle is the opposite, because drama. The upper line is sloped downward, like my motivation on a Monday.
The Symmetrical Triangle? Oh, honey, that’s just equal parts slope. It’s tightening the price range in a sideways manner. Think of it as the yoga of crypto.🧘
Here’s a chart, because visuals! Apparently, Toncoin has been living in this Triangle for months:
From the graph, it’s clear that Toncoin’s Triangle is kinda Symmetrical, but with a slight bias to the downside. Because even crypto has a bad day sometimes. 📉
The cryptocurrency recently found support at the lower line, like a good pair of Spanx. Now it’s climbing toward the middle. It’s not too far from the apex, which sounds like a fancy spa treatment.
Breakouts are more likely as things get tighter. So, TON might be approaching one. According to the analyst, this could lead to a 40% move. Buckle up, buttercup! 🎢
Which way will it break? Symmetrical Triangles are usually 50/50. But since this one is slightly angled down, it might go lower. Or not! We’re all just guessing here. 🔮
We’ll see what happens with Toncoin in the coming days. Will the pattern play a role? Will I finally understand crypto? Stay tuned!
TON Price
As of today, Wednesday, June 11, 2025, Toncoin is trading around $3.3, up over 2% in the last seven days. Small victories, people! 🎉
Read More
2025-06-11 05:12