Toncoin Price Analysis: Short-Term Targets and Outlook

The TON network has witnessed robust growth in recent months, driven largely by the active Telegram community. TON price remains within a symmetrical triangle pattern since early December, following a period of consolidation after achieving an all-time high of nearly $8.25 on June 15, 2024. 24-hour trading volume for TON reached approximately $229 million on Thursday, May 15th. While the altcoin market experienced a mild correction in the past 24 hours, TON price dropped about 4%, reaching about $3.09. This downward trend is partly attributed to decreased bullish sentiment following a recent surge in the broader altcoin market.