VVV, TON and ICP test supports after altcoin rally

Venice (VVV), Toncoin (TON) and Internet Computer (ICP) are testing short-term technical supports this week after leading last week’s altcoin rally. VVV trades near $16.80 after a 78% gain over seven days. TON is around $2.28 after a roughly 6% pullback in 24 hours and retains about 80% of its weekly rise. ICP trades near $3.39 after a more than 40% advance over the past week.

VVV reached the 1.272 external Fibonacci level at about $17.30, with the next resistance at the 1.618 level near $21.52. Trading volume expanded sharply on the breakout and the relative strength index remains in overbought territory without bearish divergence. Volatility readings on the BBWP indicator moved to extreme levels. The first major downside support is the 0.618 reversed Fibonacci level around $9.30. Trader TimeFreedomROB wrote: “Expect the Volume trend to continue. The largest Volume Bars will print as VVV breaks 22.5 and enters price discovery. Calm Before the STORM.”

Toncoin pulled back about 6% over 24 hours after its breakout. On the daily chart the token retreated from the 0.618 Fibonacci level at $2.74 and is targeting the 0.382 level at $2.12, which previously capped the accumulation range. A bounce from that area would point to the 0.786 Fib at $3.18 as the next upside reference. The RSI eased to near 70 and daily volume cooled after the breakout. Trader mejsidzej wrote: “Now sitting in the first pullback zone $2.08–$2.33… Expecting a bounce from here toward at least $2.9. Gift pullback zone $1.60–$1.76 is still the downside target if it goes deeper.”

Internet Computer broke out of a multi-month accumulation phase that ran from early February through early May and has rallied more than 40% over the past week. The 0.382 Fibonacci at $3.10 flipped from resistance into support and is being tested. ICP previously faced rejection at the 0.618 level near $3.75; a clear move above $3.75 would expose the next resistance near $4.23. Daily volume remains elevated relative to the accumulation range and the RSI is in overbought-bullish territory without divergence. On the weekly timeframe trader KatochXcrypto projected a medium-term target near $13.

Each token broke out of an extended accumulation phase into an expansion leg and now sits close to short-term supports that market participants are watching. Analysts and chart-focused traders identified support levels at roughly $9.30 for VVV, $2.12 for TON and $3.10 for ICP and are monitoring price behavior at those levels.