Toncoin (TON) Heading For A 50% Price Move, Analyst Explains Why

A cryptocurrency analyst has explained how Toncoin could be awaiting a 50% price move, based on a technical analysis (TA) pattern. Toncoin Is Coiling Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a TA pattern forming in the daily price chart of Toncoin. The formation in question is a triangle, which forms when an asset’s price consolidates between two converging trendlines. Related Reading: Bitcoin Finds Support At Short-Term Holder Cost Basis, But For How Long? Triangles can be classified into a few different types based on the slope of their trendlines source: https://www.newsbtc.com/toncoin-ton/toncoin-ton-50-price-move-analyst-explains-why/