- TON nears key resistance at $3.35, a breakout could signal further gains.
- RSI at 30.95 suggests TON may soon reverse from oversold conditions.
- Analysts predict a 93.89% rise, with a potential high of $10.77 by March 2025.
Toncoin (TON) has been experiencing notable market movements, sparking interest among traders looking ahead to March 2025. Recent price activity suggests a volatile trend, with the asset facing significant resistance and support levels.
Current Price Movement and Market Behavior
As of press time, Toncoin trades at $3.29, reflecting a 4.27% decline over the last 24 hours. Despite the drop, trading volume has surged by 57.72% to $256.8 million, indicating heightened activity.
The market capitalization stands at $8.22 billion, showing continued investor interest. Recent price trends show a sharp dip from $3.45 to $3.10, followed by a partial recovery. The day’s high reached $3.45, while the low stood at $3.10.
Key Support and Resistance Levels
The price movement highlights crucial support and resistance zones. The $3.10 mark represents a key support level where buying interest emerged after a decline.
Additionally, $3.20 serves as an intermediate support, having previously acted as a consolidation zone. On the resistance side, $3.35 remains a hurdle as the price struggled to sustain above it. If TON surpasses this barrier, the next resistance level at $3.45 could pose a challenge.
Technical Indicators and Market Outlook
Several technical indicators provide clues about TON’s short-term direction. The Relative Strength Index (RSI) stands at 30.95, close to the oversold threshold. If the RSI climbs beyond 32-35, it may signal a potential trend reversal.
The Moving Average Convergence Divergence (MACD) indicator also shows mixed signals. The MACD line remains below the signal line, reinforcing bearish momentum. However, the histogram, at 0.017, indicates a slight shift, suggesting a potential crossover if buying pressure increases.
Price Prediction for March 2025
Coincodex analysts anticipate a bullish turnaround for Toncoin, projecting a significant price increase. Expectations suggest a potential rise of 93.89%, with TON possibly reaching a high of $10.77. The predicted low for March 2025 stands at $3.16, while the average price may hover around $6.40.
This forecast comes after a challenging period where TON lost 31.02% over the past 30 days. If a reversal occurs, investors could see an estimated return on investment (ROI) of 226.08%, presenting a strong opportunity for long-term traders.
