Toncoin (TON) has made a grand comeback after its recent price collapse. The price of TON went downhill on Tuesday to hit the $5.10 level. Notably, the coin was trading around $6.81 on Sunday. Although the price has not fully recovered, it has shed major losses today in a comeback that has stunned the community. ADVERTISEMENT As of writing this story, Toncoin is trading at $5.60 after a jump of 0.9% in the last 24 hours. While the coin is still down 17.44% over the last 30 days, some bullish signals have emerged for it. These metrics are hinting toward a potential short term rally, which can take TON back to the $6.5 range. Toncoin’s potential rally The 24-hour trading volume of Toncoin, as per CoinGlass, has surged 71.19% to hit the $2.64 billion level. The coin is seeing an influx of traders on all major crypto exchanges. Binance, the largest crypto exchange in the market, leads the way with $1.22 billion in volume, followed by Bybit at $829.22 million and OKX at $394.43 million, among others.

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