Toncoin climbed to $1.90, completing a critical technical reset that shifted momentum to neutral. The move has drawn attention from large holders — known as whales — who are positioning for a potential 26% gain to $2.40. But before that target becomes reachable, the token must first clear the $2.14 resistance level.
The $1.90 Reset
The surge to $1.90 wasn't just a price jump. It finished a technical pattern that traders often watch for signs of a trend change. After the reset, momentum indicators settled at neutral — neither overbought nor oversold. That leaves room for movement in either direction, but whales appear to be betting on the upside. The positioning suggests they expect buying pressure to build once Toncoin pushes past its next major hurdle.
Whale Positioning and the $2.40 Target
Data from on-chain tracking shows whale wallets have been accumulating Toncoin during the recent price action. The buildup aligns with a projected 26% rally from the current level. If the token reaches $2.40, it would mark a significant gain from today's $1.90 price. But the path isn't guaranteed. The rally depends entirely on whether buyers can overwhelm sellers at the $2.14 zone — a level that has acted as resistance in previous trading sessions.
The $2.14 Hurdle
Resistance at $2.14 is the key barrier. Breaking above it would confirm the bullish signal from the technical reset and open the door toward $2.40. If the price fails to clear that level, the neutral momentum could fade, and Toncoin might drift lower. The near-term focus is on volume: a surge in buying activity near $2.14 would strengthen the breakout case. Without it, the whale positioning alone may not be enough.
The next few trading sessions will show whether Toncoin can gather the force to break through $2.14. That level now holds the answer to the rally question.
