TON’s upside setup is reinforced by its inverse head-and-shoulders pattern and key catalysts like the Binance listing.
Toncoin emerged as one of the top-performing cryptocurrencies on Aug. 19, surging nearly 9% within the last 24 hours. This rally starkly contrasts the broader crypto market, which experienced a 3% decline over the same period.
The sharp rise in the price of Toncoin (TON) is part of a technical breakout from a classic bump-and-run reversal (BARR) pattern.
The BARR pattern, which TON has followed closely in recent weeks, typically begins with a lead-in phase marked by a gradual decline. This phase is followed by a bump, characterized by a steep downturn, and a run phase, where the asset recovers and breaks above key resistance levels.
