Three cryptocurrencies broke through key resistance levels this week, with Toncoin (TON) pushing above $2.74, Zcash (ZEC) clearing $533, and Venice Token (VVV) hitting $13.96. The moves come on rising volume and no signs of bearish divergence, though overbought readings on momentum indicators suggest caution.
Toncoin targets $3.10 after Telegram founder’s validator pledge
Toncoin's breakout above $2.74 puts it on a path toward $3.10, the 0.786 Fibonacci level. The rally gained steam after Telegram founder Pavel Durov outlined a roadmap positioning the messaging platform as the largest TON validator. That announcement stoked network enthusiasm among holders.
Momentum on TON sits at 93 on the relative strength index, deep in overbought territory. But analysts tracking the chart note the absence of bearish divergence — meaning price highs still line up with momentum highs — so the trend remains intact for now. A close below $2.51 would invalidate the bullish structure.
Zcash hits $533 resistance; Robinhood listing and Multicoin capital behind the move
Zcash cleared the $533 mark, matching the 0.618 Fibonacci level, and now has its sights on $628. Two catalysts drove the rally: Multicoin Capital disclosed a position in ZEC, and the coin got listed on Robinhood, a major retail exchange. The Visible Range Volume Profile shows thin volume above $690, which could act as a resistance zone if the price pushes higher.
ZEC's RSI hit 86, also overbought. No bearish divergence has formed yet, but the high reading means a pullback wouldn't surprise traders. Should ZEC drop below $400, the current bullish outlook would be invalidated.
Venice Token marches toward $17.30 Fibonacci extension
Venice Token reached $13.96 and is aiming for $17.30, the 1.272 Fibonacci extension. The coin has maintained bullish momentum without breaking any support levels. Like the other two, it has not shown a bearish divergence on its momentum indicators. A close below $9.30 would break the uptrend.
Overbought readings but no divergence — what traders watch next
All three coins are in overbought territory on their respective RSIs or momentum oscillators. Yet the lack of bearish divergence keeps the setups intact. Traders will be watching for any close below the invalidation levels: $2.51 for TON, $400 for ZEC, and $9.30 for VVV. Those prices mark the line between a continued rally and a reversal.
