Toncoin is currently showing a bullish pennant pattern, indicating potential upward Movement. The price is at 5.79 USD, above the critical 5.6 USD resistance. A breakout here could push TON towards 7.2 USD, supported by a 1.21% decrease marking consolidation.

Recent data backs this bullish trend with a 14.08% increase in active addresses and a 22.73% rise in new addresses last week. Additionally, short liquidations are favored, implying trader caution and potential room for upward momentum in the Toncoin market.