Toncoin Price Prediction: 2024, 2025, 2030

TON price prediction: Key highlights

1. Primary support and resistance levels

• The weekly chart revealed the lowest support level at $2.0.
• Conversely, the highest level of resistance was marked at $8.0.

2. Market sentiment

• As of September 2024, the TON market maintains a bearish stance.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of TON is projected to be around $15 in 2029, with a future increase to $30 in 2034.

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

TON technical analysis: Bulls seek an edge in the battle for dominance

The Toncoin price prediction for 2024 was underpinned by significant price pumps, which have laid the roadmap for new attainable highs. The period under review began with TON rallying to test $2.5 in mid-September. 

Furthermore, a subsequent rejection led to a brief breach of the lowest yearly support at $2.0 in October. Nevertheless, the asset swiftly reclaimed it by mid-month and continued to trade within this range until late February.
 

The forthcoming period proved to be quite optimistic. Capitalizing on numerous developments, TON encountered a bullish breakout. The commencement of The Open League's first season triggered a double-digit price rally. Furthermore, 21 Shares announced the launch of a Toncoin staking exchange-traded product (ETP).
 

Interestingly, the asset retained substantial buying interest in early April even as the market crashed. During this time, TON rose to test $7.0. After a slight pullback that drove it to $4.8, the momentum resumed by month's end. The rally was bolstered by the hype around Notcoin’s (NOT) launch the following month.
 

This uptrend carried TON to its highest resistance at $8.0 in mid-June. On June 15, AMBCrypto reported that the asset peaked at an all-time high (ATH) of $8.2. Nevertheless, it could not break the peak barrier after repeated tests. 

An increase in selling pressure caused the price to fall below $7.0 in late July. However, bulls stopped the downtrend from progressing by holding up $6.0. Furthermore, TON saw substantial gains in early August, rising to test the former resistance. The primary reason for this optimism was Binance’s listing of the asset. 
 

However, these gains were erased in late August after Telegram founder Pavel Durov's arrest in France. The network also experienced a three-hour downtime, further shaking user confidence.

AMBCrypto’s analysis suggested that the price could drop lower before recovery. Thus, by September, TON retested the support at $4.8. As the analysis ended, the asset exchanged hands at $5.5.

The price recovery came after Durov released a public statement. In addition, the market reacted positively to Alchemy Pay’s integration with The Open Network. AMBCrypto recently noted a rise in large transactions and active addresses, indicating a potential long-term bullish trend. 

Whale activity also pointed to a possible price rally toward the $6.0 resistance, suggesting the price correction may be ending. If $7.0 is flipped, the token can retest the yearly peak. Market conditions point to the $10 level as the next long-term target for bullish investors. 

Meanwhile, the $4.8 level has been a strong support, preventing significant downturns. However, if selling pressure intensifies, the price could dip to $4.5. A continued bearish trend might push the market down further toward the $3.6 support zone.

Our models' future predictions for TON are moderately bullish. They envision growth for the asset, forecasting it to average at $15 within the next five years. By 2034, the asset is anticipated to trade at an average price exceeding $30.

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

• Until mid-February, the On-Balance Volume (OBV) remained relatively flat with negative values. However, as the asset's price rose later in the month, it sharply increased, moving into positive territory. 
• The indicator dropped again from mid-August, ending the period at 400.248 million. This slight uptick from previous lows indicated an increase in accumulation.
• The Relative Strength Index (RSI) initially stayed above the 50 line. Following a temporary decline at the end of January, it rapidly rose, reaching overbought territory by mid-March. 
• The indicator remained there until late June, albeit with intermittent dips. The succeeding decline drove the RSI below 50 in mid-August. At the time of writing, it stood at 48.68, highlighting a bearish bias.
• The trading volume recovered from its lackluster state in late February and continued to mirror the price movements, highlighting an active presence of investors.