TON’s native token jumped 4.4% in the last trading session, breaking past the $1.95 mark and now targeting the $2.40 resistance zone. The move comes as whale accumulation and a technical breakout momentum build, with analysts putting the odds of hitting that next level within 10–12 days at roughly 60%.
Whale accumulation and technical breakout fueling the rally
The price surge didn’t come out of nowhere. On-chain data shows large holders, or whales, have been steadily adding to their TON positions over the past week. That buying pressure coincided with a clean breakout above a key trendline on the hourly chart, which had held as resistance since mid-March. The combination of whale demand and a chart-based breakout gives the rally a solid foundation — at least for now.
“The probability of reaching $2.40 is estimated at 60%,” according to the data analysts monitoring the asset. That’s not a slam dunk, but it’s a strong enough edge that traders are watching closely.
What the $2.40 target means
$2.40 isn’t just a round number. That level marks a prior congestion zone where the token stalled back in February. A clean break above it would open up a run toward $2.70, the next major overhead resistance. But if the rally fails to clear $2.40 within the 10-to-12-day window, the 60% probability could evaporate quickly. Whales haven’t started distributing yet, but they won’t wait forever.
The broader crypto market remains choppy, and TON isn’t immune. Bitcoin’s recent swings have set the tone for altcoins, and any sudden shift in sentiment could derail the breakout. For now, though, the token’s momentum is on its side.
Whether the rally holds depends on whether whales keep buying and whether the technical breakout can survive a market pullback. The next few sessions will tell.
