Toncoin consolidates after sharp rally, eyes reclaiming $2.28 to resume upward momentum

Toncoin surged from about $1.40 to nearly $2.91 in early May before entering a corrective phase with profit-taking slowing momentum. Despite this, the price held above a key support zone around $1.69–$1.80, forming higher lows and pushing back above $2.00. Currently, Toncoin trades between $1.69 support and $2.28 resistance, with buyers trying to regain control but facing selling pressure near $2.28. If buyers can convert the $2.20–$2.40 range into support, Toncoin could resume its uptrend toward $2.50 and retest the $2.91 high. Otherwise, consolidation may continue until a stronger catalyst emerges.