Toncoin Eyes $3.60 Breakout After Strong Recovery From Lows

• The Toncoin bounces back strongly after having briefly corrected to the $2.73 mark.
• Momentum indicators record accumulated sustained bullish pressure building in the market.
• The price consolidates tightly in the $2.90 and $3.05 resistance zone.

Toncoin (TON) is stable at $3.01 despite having registered a sudden dip and quick recovery earlier this week. The cryptocurrency has a 24-hour trading volume of $229.07 million and a market cap of $7.43 billion.

This is the current price level that is registered with stability after an unsteady cycle that was witnessed with the token slumping abruptly before regaining momentum. As the week progressed, Toncoin pulled off a crucial recovery phase that boosted investor spirits after an initial selling pressure wave.