- TON maintains bullish momentum, with key support at $3.55 and resistance at $3.64.
- RSI at 29.15 signals oversold conditions, hinting at a potential price rebound.
- Forecasts predict TON could reach $6.65 in 2025, with gains up to 236.87%.
Toncoin (TON) has shown resilience in recent trading sessions, maintaining an upward trajectory despite minor pullbacks. The cryptocurrency is currently valued at $3.59, reflecting a 1.29% increase in the last 24 hours.
Current Price Trends and Market Outlook
TON’s price chart indicates a bullish pattern with consistent higher highs and higher lows. Despite temporary corrections, the broader trend remains positive. Key support levels at $3.55 and $3.53 highlight areas where buying interest has been strong. These zones have previously cushioned price dips, suggesting demand remains intact.
Conversely, resistance levels at $3.62 and $3.64 indicate areas where selling pressure might intensify. A decisive breakout above $3.64 could pave the way for further gains, whereas failure to hold support could trigger a downward move.
Market Sentiment and Technical Indicators
Investor sentiment remains cautiously optimistic. The market cap has risen by 1.30%, signaling increased confidence, but an 8.70% decline in trading volume suggests waning buying momentum. This divergence between market cap and volume indicates that while investors are holding onto their assets, fewer new buyers are entering the market.
Technical indicators provide additional insights. The Relative Strength Index (RSI) currently stands at 29.15, indicating oversold conditions. Historically, values below 30 suggest a potential price rebound.
Moreover, the MACD indicator presents a weak bullish crossover, with the MACD line at -0.295 and the signal line at -0.326. Although the histogram registers a positive 0.031 reading, signaling slight bullish divergence, overall momentum remains weak.
Price Forecast for February 2025
Looking ahead, Coincodex market analysts predict Toncoin could experience significant growth over the next year. Forecasts indicate a potential price increase of up to 86.70%, positioning TON at an average value of $6.65 by February 2025.
Expected price fluctuations range between $3.53 and $12.01, highlighting a broad spectrum of possibilities. If this trend materializes, investors could witness a return of up to 236.87% compared to current levels.
