$TON price prediction: Charting TON’s path to a new ATH - AMBCrypto Analytics
After a stellar November, Toncoin entered December with a bang, posting 14% gains in the first week. However, a pullback to retest the $6.50 support erased those gains. Currently, TON trades at $6.58, reflecting a 3.54% daily dip and a 1.01% decline over the past seven days.
Key support at $6.50 has proven pivotal, flipping from resistance last month. For bulls, holding this level is essential. Momentum indicators suggest caution: the Stochastic RSI at 59.02 hints at downward pressure, while the 14-day RSI at 59.38 shows waning bullish strength.
A breakout above $7.20 could signal a fresh rally toward $7.50 and eventually the $8.24 all-time high. On the downside, a breach below $6.50 could open the door to $6.28 and $5.45.
With consolidation likely, TON's next move will depend on whether it can sustain its key support or muster enough momentum for a breakout. Eyes are on the charts as 2025 approaches.
