Toncoin (TON) saw a market recovery after an 8.0% drop last week, rising 2.41% in the last 24 hours to $5.135. TON aims for a short-term target of $6.1 but faces risks near the $5.510-$5.657 supply zone, which could trigger a decline if buying pressure weakens. Breaking past this zone could push it toward $6.1.

TON’s recent uptrend is supported by positive technical indicators like the Chaikin Money Flow (CMF) and the Relative Strength Index (RSI), suggesting growing buying interest. The RSI is climbing towards 50, signaling potential for further rally.

Market sentiment is turning bullish, with the Open Interest (OI) Weighted Funding Rate showing an increase in long-position traders. If TON crosses into bullish territory, it may hit its $6.1 and $7.0 targets.