Toncoin (TON) is rebounding after a 35% drop, breaking out from a consolidation zone and descending trendline. On September 9, 2024, TON surged by over 10%, trading near $5.11 with a 103% increase in trading volume, signaling heightened trader interest.

Technical analysis shows strong bullish momentum, with TON breaking a descending trendline and closing above a key resistance. Experts predict a 15% gain, pushing the price toward $6.

On-chain metrics support this bullish outlook, with a TON Long/Short ratio of 1.082 and rising open interest, indicating favorable market sentiment. Key liquidation levels are at $4.8 and $5.17.