Toncoin is currently exchanging at $5.87, maintaining stability around its 200-day Simple Moving Average (SMA). The Fear & Greed Index cruises at 78 (Extreme Greed), reflecting heightened investor optimism. With a 14-day Relative Strength Index (RSI) of 42.62, the market sentiment for TON remains neutral, neither oversold nor overbought.
Toncoin’s volatility, calculated at 9.89%, indicates moderate price fluctuations. Over the past 30 days, TON recorded 19 green days (63%), signaling consistent positive momentum. Currently, analysts forecast TON’s price to rise by 229.20%, potentially reaching $19.33 by January 9, 2025.
Alt text: Today’s Toncoin TON live price chart and market cap. Source: CoinMarketcap Near Price Picture
In the next five days, TON’s price is predicted to peak at $7.65 by December 15, doting a 30.36% uptick from its present value. Albeit, this follows a recent 11.63% price dip over the past week, which could open up a buying opportunity for timewise traders.
For December 2024, TON is primed to go within a channel of $5.87 to $14.72, with a middle price of $9.24. If these projections hold, investors could see a return on investment (ROI) of approximately 150.76% before the year closes.
Toncoin Price Predictions by Year
Entering into 2025, Toncoin is stretched to exchange between $10.03 and $27.86, with a centre price of $16.07. January could see particularly bullish activity, with prices sweeping 374.43% above today’s levels. This positions TON as a promising investment for those seeking medium-term growth.
In 2026, the picture remains positive, though slightly more tempered. TON is predicted to trade at an average price of $9.09, reaching a high of $15.43 in January and dipping to a low of $4.89 in September. The market could still deliver significant ROI opportunities for long-term investors.
The year 2027 brings continued growth potential, with TON prices expected to oscillate between $5.37 in August and $11.03 in December. The average price of $6.36 would represent an 8.37% increase from current levels, underscoring gradual but consistent progress.
Momentum appears to strengthen in 2028. Toncoin is forecasted to average $11.64, trading between $7.95 and $18.77. The projected highs suggest this could be a pivotal year for TON’s long-term trajectory.
By 2029, analysts predict a significant rally, with prices fluctuating between $15.12 and $37.65. This represents a staggering potential ROI of 541.27%, making it one of the most bullish forecasts in TON’s roadmap.
The long-term horizon paints an optimistic picture, with TON projected to reach an average price of $19.15, representing a 226.16% increase from today’s value. January could see a peak of $23.75, while November might dip to $14.93.
Key Technical Indicators and Correlations
Toncoin’s 50-day SMA is expected to upswing to $9.53 by January 2025, while the 200-day SMA is projected at $6.56, pointing to bullish momentum in the coming months. Meanwhile, the Relative Strength Index (RSI) at 42.62 reflects a stable, neutral market sentiment.
Correlation analysis shows that TON’s price movements align most closely with assets like Axie Infinity (AXS), Immutable X (IMX), and Avalanche (AVAX). In contrast, it is negatively correlated with Pepe Coin (PEPE), Mog Coin (MOG), and Bitget Token (BGB).
Resistance and Support Levels
Using today’s pivot point value of $6.00, Toncoin shows resistance levels at $6.56, $7.35, and $7.90, while support levels are noted at $5.21, $4.65, and $3.86. These levels provide a roadmap for traders looking to capitalize on short-term price swings.
FAQs:
1. What is the expected price of Toncoin by the end of 2024?
Toncoin is predicted to trade between $5.87 and $14.72 by December 2024, with an average price of $9.24.
2. How high could Toncoin’s price go by 2029?
Analysts forecast that Toncoin could reach a high of $37.65 in 2029, representing a potential ROI of 541.27%.
3. What is the current market sentiment for Toncoin?
The current sentiment is neutral, with the Fear & Greed Index showing 78, which indicates Extreme Greed.
The post Toncoin (TON) Price Prediction, 2024–2030: TON’s 541% Surge by 2029: Is This the Next Big Crypto Jackpot? appeared first on Coinfomania.
