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Crypto Daily 2025-03-18 12:02:08

BNB & TON At Breakout: Will They Lead Crypto Gains in 2025?

While the economic outlook is still very uncertain, and the stock market is down, if President Trump has his way, a major pivot could be on the horizon. Binance Coin (BNB) and Toncoin (TON) are in the green on Tuesday and both are at breakout zones. If a positive tone comes out of Wednesday’s FOMC meeting, could $BNB and $TON lead the altcoins higher? $BNB held up better than $BTC Source: TradingView $BNB (BNB/USDT) is one cryptocurrency that has braved this current crypto downturn remarkably well. Not only has it outperformed most other altcoins, but it has even held up better than Bitcoin. The $503 horizontal level proved to be very strong support, and a quick wick down to this level was bought up again in short order. Now the price is nestled up against the descending trendline of the triangle pattern. The omens for a decisive breakout are looking quite good. The Stochastic RSI at the bottom of the chart has the blue (fast) indicator already above the 20.00 level. If, and when, the orange (slow) line can also get above this level, sizable upside price momentum should kick in to aid the breakout and send the price higher. $BNB breaks out against $BTC pair Source: TradingView Looking at $BNB against its $BTC pairing (BNB/BTC), it can be seen that a breakout of the more than year-long descending trendline is currently taking place. There is a long way to go for $BNB to get back to its high against $BTC, achieved at the end of 2023, but a start has been made. The Stochastic RSI here is nearing the top, and therefore a slowdown in the momentum of $BNB against $BTC could start to take place. Also, the 0.236 Fibonacci level may be a good level of resistance. All this said, if an altcoin surge does happen at some point in 2025, $BNB has the potential to take advantage. $TON breaks up out of descending wedge Source: TradingView For $TON (TON/USDT) the breakout already appears to be taking place. It just remains for the price to stay above the top trendline of the descending wedge by the close of play this week. If the breakout is indeed successful, the main resistance comes in at $4.80. There may be a confirmation of the breakout, which will bring the price lower first. If this does happen, there is very strong support from $2.65 down to $2.40. $TON begins the long haul back against $BTC Source: TradingView Against its $BTC pair (TON/BTC) the price has also broken out. A candle has opened above the descending trendline and so a possible trend reversal is beginning. $TON has been down as much as 74% against $BTC, and so a bounce from here could be likely. Possible price targets are in the chart above. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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