Key Takeaways
- TON’s Current Status: The launch of the Hamster Kombat token has almost doubled the number of transactions over the chain, and as a result, the TON price, experienced a small jump. While the market dynamics are changing, the TON price is believed to maintain a healthy upswing.
- Market Performance: The Toncoin price is trading around with a small rise of 0.58% since the early trading hours. The market capitalization is around $14.88 billion while the trading volume is around $310 million, with a rise of 12.31%. The fear & greed indicator points to 56 while the bullish sentiments have risen to 76%, offering a positive outlook for the token.
- Technical Analysis: Regardless of the recovery, the TON price has been failing to rise above the crucial 200-day Moving average, which happens to be one of the crucial resistances to achieve. Besides, the buying pressure is also mounting, validating the bullish claim for the token.
- TON Price Prediction: The price is rising slowly yet steadily, and hence is believed to achieve the crucial resistance. However, after achieving the pivotal zone, the crypto may set up a strong ascending trend and mark new highs, probably above $10 by the end of 2024.
- Future Outlook: Toncoin has gained huge attention with the CEO being sued and released later. Apart from this, multiple airdrops are scheduled in the coming days after Hamster Kombat, which may keep the chain active and the price volatile. Hence, the future outlook of the TON price remains bullish, which is also backed by the changing dynamics of the market.
Where will Toncoin Price Head Next?
- TON price has become extremely volatile in the past few months as the traders have become more vigilant over the rally, and the recent crypto market corrections.
- The price is consolidating horizontally, due to which the Bollinger Bands are squeezing, suggesting a major price action could be on the horizon.
- Besides, the RSI, which indicates the strength of the rally, is rising, and hence the price may undergo a breakout toward the higher target.
- Therefore, the TON price is expected to continue to consolidate for some more time, following which a bullish breakout could elevate the levels close to $10.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$4.87 / $4.29 / $3.34
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$6.77 / $7.35 / $8.3
|
|
50-day EMA |
$5.87 |
|
200-day EMA |
$5.66
|
|
RSI level |
44.88
|
|
MACD level (Signal Line) |
+0.05
|
Toncoin Price Prediction September 2024
After a brief pullback, the Toncoin price managed to trigger a rebound in the first few days of the month and continues to maintain a healthy upswing. The price surged by 22% and is consolidating within a narrow range around $0.57. However, the market dynamics are changing, which has kept the price elevated; hence, the price is believed to be close to the monthly trade of around $6.15 to $6.2
Toncoin price is expected to begin the monthly trade sustaining above $6, which may keep the traders hopeful of the next price action. The price could gain strength and head toward the next target at $7, but the bears who are stationed at $7.06 may try to restrict the rally. However, the bulls who could be poised to maintain a healthy upswing, may break the barrier and close the monthly trade around $7.1.
The growing optimism within the markets is believed to keep up the bullish momentum that may prevent the bears from stepping. Despite this, the bears are believed to hinder the rally as it approaches its ATH. Nevertheless, the bulls are believed to squash the bearish narrative and close the monthly trade around $7.5 to $7.8.
As the trade enters the last few weeks of the quarter, the volatility may spike and the TON price may form a new ATH close to $8.5. While the bears may try to extract some of their profits, the mounted bullish momentum may enable the bulls to keep up the trend. By the end of the year, the Toncoin price could trade around $8.78 to $8.8.
Toncoin Price Prediction 2025
In 2025, Toncoin price is projected to surge to levels between $43 to $47, reflecting sustained bullish momentum. Market optimism and adoption could drive significant price appreciation, with technical indicators supporting the upward trend. Traders should monitor key resistance levels for potential breakouts, while implementing risk management strategies to navigate heightened volatility.
Entering 2026, Toncoin price is anticipated to stabilize within the range of $22 to $25, following a period of bullish momentum. Market sentiment may undergo a shift, leading to a consolidation phase as investors reassess their positions. Technical analysis suggests the establishment of support levels, with potential opportunities for strategic entries emerging amidst market fluctuations.
In 2027, Toncoin price is forecasted to experience renewed bullishness, with expectations ranging from $32 to $36. Market dynamics could drive increased investor interest and trading activity, contributing to upward price momentum. Technical indicators support the continuation of the bullish trend, with potential for breakthroughs of key resistance levels. Traders should remain vigilant and adapt their strategies to capitalize on emerging market opportunities.
By 2028, Toncoin price is poised to reach new heights, with projections ranging from $51 to $52. Continued market adoption and technological advancements may fuel further price appreciation, supported by bullish technical indicators. Traders should monitor market developments closely, identifying potential entry and exit points amidst heightened volatility.
In 2029, Toncoin price is expected to surge to levels between $65 to $67, reflecting strong bullish momentum. Market sentiment could be driven by increased adoption and institutional interest, propelling prices to new highs. Technical analysis suggests sustained upward momentum, with potential for significant price appreciation. Traders should exercise caution and implement risk management strategies to navigate potential market fluctuations effectively.
By 2030, Toncoin price could potentially soar to $90 or higher, marking a significant milestone in its growth trajectory. Continued market adoption, technological advancements, and macroeconomic factors may drive increased investor interest and price appreciation. Traders should closely monitor market developments and adapt their strategies to capitalize on emerging trends and opportunities.
Will the Toncoin Price Rise Again in 2024?
Given Toncoin price’s recent trajectory and resilience in the face of market corrections, optimism remains surrounding its potential for further price appreciation in 2024. The notable surge witnessed since late February, with the coin more than tripling in value, underscores its ability to garner significant investor interest and momentum. Despite experiencing a corrective phase at the end of April, TON price managed to find support, indicating a degree of stability amidst market fluctuations.
Looking ahead, the prospect of Toncoin price breaching key resistance levels, particularly the $7 threshold, could catalyze renewed buying interest and propel the price towards new targets. The alignment of technical indicators with Fibonacci pivot points suggests a potential upside, with targets such as retesting previous all-time highs and even surpassing them in the cards. However, as with any crypto, fluctuations and corrections are inherent, and market participants should exercise caution and conduct their own research before making any investment decisions.
