In this Toncoin (TON) price prediction for 2024, 2025-2030, we will analyze the price patterns of TON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Toncoin (TON) Current Market Status/h2
TON Current Market Status (Source: CoinMarketCap)h2 What is Toncoin (TON)/h2
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 quick, cheap, and energy-efficient transactions. The Open Network is also renowned for its scalability, flexibility, and environmental friendliness.
h3 Toncoin 24H Technicals/h3
(Source: TradingView)
h2 Toncoin (TON) Price Prediction 2024/h2
Toncoin (TON) ranks 9th 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.
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In the above chart, Toncoin (TON) laid out a rounding bottom pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.
If the trend breakout 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, then the price of TON might reach the resistance levels of $2.619, and $5.944. If the trend reverses, then the price of TON may fall to the support of $1.825, & $1.154.
h2 Toncoin (TON) Resistance and Support Levels/h2
The chart given below elucidates 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.
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (TON) are shown in the chart below.
TON/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Toncoin (TON) market in 2024.
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).
TON/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Toncoin (TON).
h2 Comparison of TON with BTC, ETH/h2
Let us now compare the price movements of Toncoin (TON) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs TON Price Comparison (Source: TradingView)
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.
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.
h2 Conclusion/h2
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 $3.626. Comparatively, if unfavorable sentiment is triggered, the bearish Toncoin (TON) price prediction for 2024 is $1.609.
If the market momentum and investors’ sentiment positively elevates, then Toncoin (TON) might hit $5. Furthermore, with future upgrades and advancements in the Toncoin ecosystem, TON might surpass its current all-time high (ATH) of $5.84. and mark its new ATH.
This content was originally published by our partners at The News Crypto .
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The News Crypto
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