Compass Investments

– Since April 2025, Tonkoin has been in a narrow price range, fluctuating between $2.90 and $3.60. This sideways movement is indicative of an accumulation phase where investors seem to be preparing for a possible breakout. The recent drop in trading volume indicates that market participants are waiting for a significant move before they start investing their money.

On the daily and weekly charts, we can observe important patterns that may have an impact on the near future of Tonkoin. One of these patterns is the falling wedge on the weekly chart. This is a bullish reversal pattern that often heralds rising prices. Historically, a falling wedge completes an uptrend, and Tonkoin is currently testing the upper resistance level of this formation.

As for the support levels, the price has already tested the lower boundary of the wedge in the range of $2.00 – $2.30, forming a double bottom, which reinforces this support level. These retests indicate that sellers are losing momentum, and a reversal could be on the horizon.

If Tonkoin can successfully exit the falling wedge, analysts predict possible upside targets at $5.73, $6.86, and $7.90. These levels correspond to historical resistance points and Fibonacci retracement levels, which makes them especially important for traders looking to capitalize on a bullish trend. On the other hand, if Tonkoin fails to hold above $3.00, it creates a downside risk to $2.50. This scenario emphasizes the importance of strong volume support in any breakout attempts.

Key factors that could influence the movement of Tonkoin include:

1. **Regulatory Development**: With the growing scrutiny of cryptocurrencies, any regulatory news could significantly impact investor confidence and market dynamics.

2. **Market Trends**: The dynamics of major cryptocurrencies such as Bitcoin and Ethereum often influence altcoins. A bullish trend in these leading coins could create the necessary momentum for Tonkoin’s recovery.

3. **Technological Advances**: Innovations and updates to the Open Network could increase the functionality and popularity of Tonkoin, which in turn will boost demand.

Tonkoin is currently at an important fork, and technical indicators point to the possibility of a recovery. Traders and investors should keep a close eye on price and volume movements in the coming weeks. A breakout above the falling wedge could signal the start of a bullish phase, while failure to hold above key support levels could lead to renewed downward pressure.

Given that the cryptocurrency landscape continues to evolve, Tonkoin stands out as an important asset to keep an eye on in both short- and medium-term trading strategies. It is important to keep in mind that the current situation requires careful analysis and monitoring in order to make the most of possible trading opportunities.