Toncoin rallies near $3 before a possible pullback to $1.5 amid strong demand and market caution.

Toncoin surged to a high of $2.90 in early May, wiping out nearly $29 million in short positions, driven by strong demand and Telegram becoming the largest validator. Since then, it has corrected about 15.6%, with technical analysis suggesting a potential pullback to $2.01 or even $1.5-$1.8 levels, which could offer buying opportunities. However, traders should be cautious as the broader crypto market, especially Bitcoin, remains bearish, and a deeper correction could pose risks. Investors are advised to stay alert for either a short squeeze pushing prices higher or a failure to sustain the rally.