Toncoin, Zcash and Venice Token Break Out on Volume

Toncoin, Zcash and Venice Token posted breakouts on rising trading volume over the past week, each clearing key Fibonacci retracement levels and setting short-term technical targets. Market participants tracked momentum and support levels entering the weekend.

Toncoin broke out of a multi-month accumulation zone on May 4. The breakout candle showed the largest single-day buying volume since October. Price is trading at the 0.618 Fibonacci retracement at $2.74, measured from an August 2025 high to an April low of $1.12. A daily close above $2.74 opens a path to the 0.786 Fib at $3.10. The first meaningful support on a pullback sits at the 0.382 Fib near $2.12. Momentum readings on the 14-day RSI are near 93 and the Bollinger Band Width Percentile is elevated; no bearish divergence has formed. Telegram founder Pavel Durov outlined a roadmap that would position Telegram as the network’s largest validator. Trader Zach Humphries wrote that flipping the distribution block near $2.89 into support would open a path to $6 this summer.

Zcash has trended higher since an April 13 bounce off the 0.236 Fib at $317 and recently cleared the 0.618 Fib at $533, a level that matched a December swing high. The next Fibonacci target is the 0.786 level near $628. On the downside, the 0.382 Fib near $400 marks the first major support. The 14-day RSI stands near 86 and volatility measures are elevated. Volume profile data show a resistance node around $690 followed by thinner volume above that area. An institutional investor disclosed a sizable Zcash position at a Miami conference, and renewed exchange listings and ETF speculation coincided with increased buying. An analyst who follows crypto charts said Zcash consolidated after its breakout and appears set for another expansion leg.

Venice Token, the native token of the Venice AI ecosystem, reached a 2026 high near $13.96 after a breakout that began on February 13. A Fibonacci retracement from the February low to the current swing high places key support at the 0.618 level, $9.30, and at the 0.382 level, $6.42. Traders reference external Fibonacci extensions for upside: the 1.272 extension at $17.30 and the 1.618 extension at $21.52. The 14-day RSI is about 80 and rising without a bearish divergence, and volatility measures remain expanded. Market participants said the structure remains valid while $9.30 holds on pullbacks.

Technically, the setups for all three tokens remain contingent on their breakout levels. A weekend close below $2.51 for Toncoin, $400 for Zcash or $9.30 for Venice Token would shift focus to deeper retracements. Traders are watching whether buyers can absorb supply at current Fibonacci zones to allow further upside into next week.