Will Toncoin(TON) Reach $20 This Bull Run?
Toncoin (TON) has experienced significant growth in 2024, climbing 129% to a price of $5.43. This surge follows a series of bullish chart patterns, including a falling wedge breakout and a triple-bottom around $4.50, which have led analysts to predict further gains. Some experts, like Captain Faibik, forecast a mid-term price rise to $11.80 by mid-2025. Toncoin’s short-term moving averages indicate a bullish trend, though long-term averages show some resistance. The Relative Strength Index (RSI) is at 54.91, suggesting neither overbought nor oversold conditions. Despite these optimistic indicators, reaching $20 would require a 250% surge from its current price, which most analysts believe is unlikely during this bull run.