Toncoin, Zcash, Venice Token Breakouts Point to Fib Targets

Toncoin, Zcash and Venice Token posted fresh breakouts on higher volume over the weekend. Technical scans using daily Fibonacci retracements and extensions set the next short-term targets at $3.10 for Toncoin, $628 for Zcash and $17.30–$21.52 for Venice Token.

Toncoin cleared a multi-month accumulation zone on May 4, with the breakout candle marking the largest daily buying volume since last October. Price currently trades at the 0.618 Fibonacci retracement near $2.74. A daily close above that level would open the path to the 0.786 retracement at $3.10. The first significant support is near the 0.382 level around $2.12. Momentum indicators are elevated, with the 14-day RSI approaching 93 and Bollinger Band Width Percentile showing expanded volatility; no bearish divergence has appeared. Network developments include a roadmap from Telegram founder Pavel Durov that assigns Telegram a leading validator role for the TON network. Trader Zach Humphries described the pattern as “the start of a textbook expansion phase” and added, “If we flip this resistance into support the path to $6.00 is wide open for the summer.”

Zcash has climbed since a bounce on April 13 off the 0.236 Fibonacci near $317. The coin broke above the 0.618 level at $533 on May 6, clearing the prior swing high, and the next target on the retracement grid is the 0.786 level near $628. On the downside, the 0.382 retracement around $400 is the nearest meaningful support. Volume profile analysis shows reduced trading interest above roughly $690, indicating thinner liquidity beyond current levels. Momentum readings are extended: the 14-day RSI is about 86 and Bollinger Band width signals increased volatility. Institutional activity includes a disclosed ZEC position from an investment firm at a recent industry event, and market participants are noting exchange listing developments and ETF speculation. An analyst posting an hourly chart wrote, “$ZEC looks like it’s getting ready for ATHs. Consolidated after the breakout and now looks ready for another expansion move.”

Venice Token has risen since a breakout that began on February 13 and reached a 2026 high near $13.96. Daily Fibonacci support levels place the 0.618 at $9.30 and the 0.382 at $6.42. External Fibonacci extensions set upside targets at the 1.272 level of $17.30 and the 1.618 level of $21.52. The token’s 14-day RSI is around 80 and volatility measures remain in expansion. Market participants tracking VVV say the bullish structure remains intact while the $9.30 zone holds on pullbacks.

Analysts identified specific invalidation levels that would shift attention to deeper retracements: a daily close below $2.51 for Toncoin, below $400 for Zcash, or below $9.30 for Venice Token. Analysts say that if buying pressure continues to absorb supply around current Fibonacci levels, the charts would allow for further upside into next week.