Toncoin Price Prediction: 2024, 2025, 2030

TON price prediction: Key highlights

1. Primary support and resistance levels

• The weekly chart's analysis revealed the lowest support level to be $1.1. 
• Conversely, the highest point of resistance can likely be around $10.

2. Market sentiment

• In May 2024, TON has been observed to be overvalued in a highly bullish market.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of TON is projected to be over $200 in 2028, with a future increase to more than $1,900 in 2031.

Given below is an extensive weekly technical analysis of TON, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

TON technical analysis: Asset outperforms the market

The Toncoin price prediction for 2024 was underpinned by significant price pumps that have laid the roadmap for new attainable highs. Furthermore, the period under review began with TON falling below the critical $2.0 mark. 

Consecutive bearish candles pushed the price down. Notably, the downtrend was halted at the lowest support of $1.1. In August, the onset of a second bullish rally was noted. This culminated in the price testing $2.5 in mid-September. A rejection ensued, leading to a brief breach of support at $2.0 in October. 

Mid-month, the asset resumed its upward trajectory and stabilized over this support. Till late February, TON continued to oscillate between this range, marking a phase of consolidation.

The forthcoming period proved to be quite optimistic. Capitalizing on numerous developments, TON encountered a bullish breakout. AMBCrypto reported that the commencement of the first full season of The Open League triggered a double-digit rally in the price. 

Through this initiative, the Ton Foundation plans to distribute 30 million TON to projects and network users. Furthermore, 21 Shares announced the launch of a Toncoin staking exchange-traded product (ETP).

Interestingly, even as the market crashed in April, the asset continued to trend upwards. According to data from CoinMarketCap, it experienced a surge in market capitalization, flipping Cardano (ADA) and then Dogecoin (DOGE) to secure the eighth position mid-month.

During this time, TON attained a new all-time high (ATH) of $7.6. This development marked $7.2 as the highest barrier on the chart. However, the asset faced pushback but managed to land on $5.3.

Towards the end of April, the bulls elevated TON to test the peak barrier again. The latest rally was further bolstered the following month by hype around Notcoin’s launch. At the time of writing, the altcoin exchanged hands at $6.8.
 

If this bullish rally continues, the asset can soon reclaim its ATH. AMBCrypto's recent analysis identified $9.61 and $10.8 as technical targets where bulls might take profits. 

However, given the market’s overvaluation of TON, the possibility of a price correction cannot be overlooked. The analysis suggested that although the price might drop to $4.6, it is unlikely to hit new lows and could instead start rising toward higher levels.

Our models' future predictions are even more bullish. The models forecast TON to average more than $200 within the next four years. By 2031, the asset is anticipated to move across the $1000 mark, trading at an average price exceeding $1,900.

TON's 2024 roadmap: Key indicators to watch and trade

• Until mid-February, the On-Balance Volume (OBV) remained relatively flat with negative values. This indicated that sellers were more aggressive than buyers, putting downward pressure on prices.
• As the asset's price began to increase in late February, the OBV experienced a sharp rise, moving into high positive territory. It ended the period with a value of 401.511 million. This implied that a large amount of the asset was being accumulated, and this demand could drive the price higher.
• Throughout most of the analysis period, trading volume was low. However, a significant increase in volume was observed as the price started to rise towards the end of February. This reinforced the strength of the price movement.
• The Relative Strength Index (RSI) moved past the 50 line in August. For the most part, it maintained its dominance. After a brief dip towards the end of January, the RSI sharply increased, entering the overbought region by mid-March. 
• It fell momentarily in late April but surged again. The indicator stood at 74.27 at the time of writing. This was a slight downtick from previous highs, yet it indicated overextension.