In this Toncoin (TON) price forecast for 2024, 2025-2030, we will analyze the price patterns of TON using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Toncoin (TON) Current Market Status
What is Toncoin (TON)
Toncoin (TON) is the native token of The Open Network. TON can pay transaction fees, settle payments and validate transactions on the Toncoin blockchain, which uses the Proof of Stake (PoS) consensus model.
The Open Network, or TON, is a decentralized layer-1 blockchain platform created by the cloud-based instant messaging service, Telegram. TON offers fast, cheap and energy efficient transactions. The open network is also known for its scalability, flexibility and environmental friendliness.
Toncoin 24H Technical
(Source: TradingView)
Toncoin (TON) Price Prediction 2024
Toncoin (TON) is ranked 9th on CoinMarketCap in terms of its market capitalization. The overview of the Toncoin price forecast for 2024 is explained below with a daily time frame.
TON/USDT ascending triangle pattern (Source: TradingView)
In the above chart, Toncoin (TON) has laid out a closing bottom pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trend line connecting the highs and the lower trend line connecting the rising lows.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
At the time of analysis, the price of Toncoin (TON) was recorded at $2.36. If the pattern trend continues, the price of TON may reach the resistance levels of $2.619 and $5.944. If the trend reverses, the price of TON may fall to the support of $1,825 and $1,154.
Toncoin (TON) Resistance and Support Levels
The chart below gives the possible resistance and support levels of Toncoin (TON) in 2024.
TON/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Toncoin (TON) for 2024.
TON Resistance and 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 (TON) are shown in the chart below.
TON/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can draw the following conclusions about the current Toncoin (TON) market in 2024.
Toncoin (TON) Price Prediction 2024 — ADX, RVI
In the chart below, we analyze the strength and volatility of Toncoin (TON) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
TON/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can draw the following conclusions about the price momentum of Toncoin (TON).
Comparison of TON with BTC, ETH
Now let’s compare the price movements of Toncoin (TON) with those of Bitcoin (BTC), and (ETH).
BTC vs ETH vs TON Price Comparison (Source: TradingView)
From the above graph, we can interpret that the price action of TON is different from that of BTC and ETH. That is, when the price of BTC and ETH rises, the price of TON also falls, when the price of BTC and ETH falls, the price of TON also rises respectively.
Toncoin (TON) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us forecast the price of Toncoin (TON) between 2025, 2026, 2027, 2028, 2029 and 2030.
Closure
If Toncoin (TON) establishes itself as a good investment in 2024, this year will be favorable for the cryptocurrency. Finally, the bullish Toncoin (TON) price forecast for 2024 is $3,626. In comparison, if adverse sentiment is triggered, the bearish Toncoin (TON) price forecast for 2024 is $1,609.
If the market momentum and investor sentiment increase positively, Toncoin (TON) may reach $5. Furthermore, with future upgrades and advancements in the Toncoin ecosystem, TON may surpass its current high (ATH) of $5.84. and marks his new ATH.
This content was originally published by our partners at The News Crypto.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
