<div id="readability-page-1">Toncoin’srecent upward trajectory has continued, building on a week of consistent growth since its Coinbase debut. The surge has brought TON’s price close to a significant resistance point at $1.705, a level that has previously acted as a ceiling and limited previous price increases.Though the overall trend appears bullish, the approach to this level has sparked some short-term volatility in the token’s price action.<h2>Short-term imbalance raises caution</h2>On the daily chart, TON’s recent bullish surge has created a market imbalance around $1.57. This level might draw down the price for a short-term correction to fill the gap if the current momentum wanes. Simultaneously, the Stochastic RSI has entered overbought territory, indicating the rally could require a pause before the next significant price movement. The stochastic RSI affirms the likelihood of a short-term correction to the imbalance zone.However, this configuration does not automatically imply weakness. Instead, the market might be due for a short-term pause or dip as it processes the recent upward movement.<div id="attachment_557385"><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/TONUSD_2025-12-29_09-56-42_11zon.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1519" height="978" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/TONUSD_2025-12-29_09-56-42_11zon.png"/>Source: TradingView</div><h2>Bullish sentiment is evident in…</h2>Even with some short-term caution from the technical indicators, the derivatives indicators still favor buyers. Toncoin’s Open Interest has risen by 7.27% to 103 million, indicating more institutional traders and investors are still playing the long game by opening new positions.<div id="attachment_557386"><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/TON-aggregated-open-interests_11zon.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1448" height="625" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/TON-aggregated-open-interests_11zon.png"/>Source: Coinalyze</div>Significantly, long positions at the current price now outnumber short positions by almost three times. At press time, the token’s Long/Short Ratio stood at 2.976. This disparity implies that traders are still betting on further gains, not an immediate downturn.<div id="attachment_557387"><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/TON-long-short-ratio_11zon.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1440" height="658" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/TON-long-short-ratio_11zon.png"/>Source: Coinalyze</div><h2>Can price break through resistance?</h2>Looking at the broader picture, TON’s price trajectory will depend on how it reacts around the $1.705 key price level. A decisive move above this supply zone could signal a significant change in the market’s structure, potentially paving the way for a prolonged upward trend.In the meantime, short-term fluctuations near existing imbalances are still a possibility. Nevertheless, the bullish momentum seems to be holding, as long as long-position investors remain active and open interest keeps climbing.<hr/><h2>Final Thoughts</h2><ul><li>TON prices are approaching a major supply zone at $1.705 after a week of steady gains.</li><li>Open interest is up 7.27%, with long positions outpacing shorts at the current price.</li></ul></div>

COIN

Toncoin is nearing a critical resistance level at $1.705 after a week of growth since its Coinbase debut. While the overall trend is bullish, short-term volatility is observed, with a potential correction to $1.57. Despite caution from technical indicators, bullish sentiment remains strong, as Open Interest has increased by 7.27%, indicating more long positions than shorts. A decisive move above $1.705 could signal a significant market shift, while fluctuations near existing imbalances are still possible.

- Toncoin has been experiencing consistent growth since its Coinbase debut, nearing a significant resistance at $1.705.  
- While bullish sentiment persists, short-term volatility may arise due to market imbalances and overbought conditions indicated by the Stochastic RSI.  
- Although caution is warranted, increased open interest and a high Long/Short Ratio reflect that traders are predominantly optimistic about future price increases.

Can Toncoin break above $1.705 and extend its rally? Examining…