Toncoin (TON), Zcash (ZEC), and Venice Token (VVV) are the top 3 altcoins showing bullish daily setups for the weekend. Each token has seen recent breakouts with increasing volume and clear paths to the next key Fibonacci levels.
Altcoins have broken through a significant resistance level in the past week. Voices on X suggest they could experience extended rallies if the current consolidations resolve in favor of the bulls.
Toncoin (TON) breaks above $2.74 with a path towards $3.10.
On May 4, Toncoin (TON) broke out of a multi-month accumulation zone. The daily volume on the breakout candlestick was the highest green volume on the chart since October.
At the same time, buying volume has continued to increase in each session since then. The price is now trading at the 0.618 Fibonacci level at $2.74. This level is marked from the August 2025 high to the April low at $1.12.
A daily close above this level opens the path to the 0.786 Fibonacci level at $3.10. In case of a correction, the first significant support is at the 0.382 Fibonacci level near $2.12.
Momentum readings are approaching 93. The Bollinger Band Width Percentile (BBWP) is also showing extreme red readings, indicating overextended conditions. However, no bearish divergence has formed yet, keeping the immediate trend intact.
The breakout coincides with renewed enthusiasm in the network. Telegram's founder, Pavel Durov, has presented a roadmap positioning Telegram as the largest validator of TON.
Trader Zach Humphries sees this move as the start of a textbook expansion phase. He states that TON is now testing a distribution block at $2.89. If that level becomes support, it would open the long-term path to $6.
"The expansion phase in TON is unfolding exactly as expected… If we turn this resistance into support, the path to $6.00 will be wide open for the summer."
Zcash (ZEC) has shown an upward trend since April 13, when the price bounced off the 0.236 Fibonacci level at $317. Two days ago, the privacy-focused coin surpassed the 0.618 Fibonacci level at $533. That level also coincides with the high from December 29 (blue circle).
The next target is at the 0.786 Fibonacci level near $628. To the downside, the 0.382 Fibonacci level at $400 is the first significant support if buyers lose control. The Visible Range Volume Profile (VRVP) shows the last significant resistance node near $690, with little volume above that zone.
Momentum is overextended. The 14-day Relative Strength Index (RSI) is at 86, indicating an overbought zone, while BBWP also signals extreme volatility expansion.
The breakout coincided with a surge in institutional interest. Multicoin Capital revealed a significant position in ZEC during Consensus Miami this week. Speculation about an ETF has increased alongside the recent listing on Robinhood.
Analyst X TheMoonShow shared an hourly chart showing a tight consolidation triangle that broke out to the upside above $580.
"ZEC seems to be gearing up for new all-time highs. It consolidated after the breakout and now looks ready for another expansion move."
Venice Token (VVV) is the top-performing token among the three. The native token of the Venice AI ecosystem reached a new high at $13.96. The price has been on an upward trend since the breakout on February 13.
A Fibonacci retracement drawn from the low on February 13 to the current high shows two key support zones. The 0.618 Fib level is at $9.30, and the 0.382 Fib level is at $6.42.
Upside targets come from external Fibonacci extensions. The 1.272 extension is at $17.30, and the 1.618 extension is at $21.52.
The 14-day RSI is at 80 and continues to rise without any bearish divergence. Volatility, measured by BBWP, also continues in expansion mode.
A move towards the $20 area would be between the external Fib levels of 1.272 and 1.618. Both extensions are indicated on the daily chart. For traders analyzing VVV's long-term path, the same structure holds as long as $9.30 serves as support against any retracement.
Outlook for the 3 altcoins heading into the weekend.
All three setups remain technically primed to continue upward, as long as their respective breakout levels hold. A close below $2.51 (TON), $400 (ZEC), or $9.30 (VVV) would invalidate the immediate scenario. Such a move would shift focus to deeper retracements.
The bullish scenario relies on momentum remaining strong over Saturday and Sunday. If buyers absorb the supply at the current Fib levels, every chart points to an extended rise into next week.
