This article provides a detailed price prediction for Toncoin （TON） from 2024 to 2030, analyzing technical indicators, market trends, and potential factors influencing its price movements.
Points
- Bullish Toncoin price prediction for 2024 is $8.2894 to $10.7455.
- Toncoin might reach $15 soon, with a bearish prediction of $4.7996.
- Analysis includes technical indicators such as RVOL, MA, RSI, ADX, and RVI.
Toncoin （TON） ranks 8th on CoinMarketCap in terms of its market capitalization. The overview of the Toncoin price prediction for 2024 is explained below with a daily time frame.
In the above chart, Toncoin （TON） laid out a cup and handle pattern. A Cup and handle price pattern on a security’s price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a “u” and the handle has a slight downward drift. The cup and handle are considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. A cup and handle are considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. A cup and handle is a technical indicator where the price movement of security resembles a cup followed by a downward trending price pattern. This drop or handle is meant to signal a buying opportunity to go long on security.
At the time of analysis, the price of Toncoin （TON） was recorded at $7.29. If the pattern trend continues, then the price of TON might reach the resistance levels of $7.717, and $12.168. If the trend reverses, then the price of TON may fall to the support of $4.607.
Toncoin （TON） Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Toncoin （TON） in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Toncoin （TON） for 2024.
Resistance Level 1$7.227Resistance Level 2$11.191Support Level 1$4.540Support Level 2$2.865
TON Resistance & Support Levels
Toncoin （TON） Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume （RVOL）, Moving Average （MA）, and Relative Strength Index （RSI） of Toncoin （TON） are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Toncoin （TON） market in 2024.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average （50MA）Nature of the current trend by comparing the average price over 50 days50 MA = $6.609Price = $7.482
_（50MA< Price）_Bullish / UptrendRelative Strength Index （RSI）Magnitude of price change;Analyzing oversold & overbought conditions73.545
<30 = Oversold 50-70 = Neutral _>70 = Overbought_OverboughtRelative Volume （RVOL）Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume
Toncoin （TON） Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Toncoin （TON） using the following technical analysis indicators — Average Directional Index （ADX） and Relative Volatility Index （RVI）.
From the readings on the chart above, we can make the following inferences regarding the price momentum of Toncoin （TON）.
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index （ADX）Strength of the trend momentum12.105Weak TrendRelative Volatility Index （RVI）Volatility over a specific period66.77
<50 = Low _>50 = High_High volatility
Comparison of TON with BTC, ETH
Let us now compare the price movements of Toncoin （TON） with that of Bitcoin （BTC）, and Ethereum （ETH）.
From the above chart, we can interpret that the price action of TON is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of TON also decreases, when the price of BTC and ETH decreases, the price of TON also increases respectively.
Toncoin （TON） Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Toncoin （TON） between 2025, 2026, 2027, 2028, 2029, and 2030.
YearBullish PriceBearish PriceToncoin （TON） Price Prediction 2025$18$2.8Toncoin （TON） Price Prediction 2026$24$2.6Toncoin （TON） Price Prediction 2027$27$2.4Toncoin （TON） Price Prediction 2028$34$2.2Toncoin （TON） Price Prediction 2029$37$2Toncoin （TON） Price Prediction 2030$39$1.8
Conclusion
If Toncoin （TON） establishes itself as a good investment in 2024, this year would be favorable
Conclusion
If Toncoin （TON） establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Toncoin （TON） price prediction for 2024 is $11.191. Comparatively, if unfavorable sentiment is triggered, the bearish Toncoin （TON） price prediction for 2024 is $2.865.
If the market momentum and investors’ sentiment positively elevate, then Toncoin （TON） might hit $15. Furthermore, with future upgrades and advancements in the Toncoin ecosystem, TON might surpass its current all-time high （ATH） of $8.24 and mark its new ATH.
FAQ
1. What is Toncoin （TON）?
Toncoin （TON） is the native token of The Open Network （TON）, a decentralized Layer 1 blockchain network. TON can be used to pay transaction fees, settle payments, or validate transactions on the Toncoin blockchain using the proof of stake （PoS） consensus model.
2. Where can you purchase Toncoin （TON）?
Toncoin （TON） has been listed on many crypto exchanges which include OKX, Bybit, DigiFinex, Bitrue, and LBank.
3. Will Toncoin （TON） reach a new ATH soon?
With the ongoing developments and upgrades within the Toncoin Platform, TON has a high possibility of reaching its ATH soon.
4. What is the current all-time high （ATH） of Toncoin （TON）?
On June 15, 2024, Toncoin （TON） reached its new all-time high （ATH） of $8.24.
5. What is the lowest price of Toncoin （TON）?
According to CoinMarketCap, TON hit its all-time low （ATL） of $0.3906 on September 20, 2021.
6. Will Toncoin （TON） reach $15?
If Toncoin （TON） becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $15 soon.
7. What will be Toncoin （TON） price by 2025?
Toncoin （TON） price is expected to reach $18 by 2025.
8. What will be Toncoin （TON） price by 2026?
Toncoin （TON） price is expected to reach $24 by 2026.
9. What will be Toncoin （TON） price by 2027?
Toncoin （TON） price is expected to reach $27 by 2027.
10. What will be Toncoin （TON） price by 2028?
Toncoin （TON） price is expected to reach $34 by 2028.
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