Toncoin, TON could hit $398.16 in 2024.
Toncoin’s price prediction for the most bearish scenario will value TON at $5.83 in 2024.
Toncoin’s price prediction for the most bullish scenario will value TON at $398.16 in 2024.
Toncoin’s previous All Time High was on 15 June 2024 where TON was priced at $8.25.
Toncoin’s price at the same time last week was $7.22. It has moved by -0.57 % in the past week and is currently at $7.29. Infact, in the past 24 hours, TON has pumped by 1.41 %. There is a slight bullish sentiment in the crypto market. The long term sentiment, however, remains bullish and TON could hit $3.30 in 2025.
The total circulating supply of Toncoin as of writing this article was $2512119462.59 and the marketcap of TON remains at $18,310,158,439. Toncoin price in the longer term is expected to reach a high of $77.27 in 2035.
TON price prediction: Key highlights
1. Primary support and resistance levels
The weekly chart revealed the lowest support level to be $1.1.
Conversely, the highest point of resistance can be expected at $10.
2. Market sentiment
In July 2024, the TON market maintains a bullish stance.
3. Predictive forecasts
Based on our AI/ML predictive algorithms, the average price of TON is projected to be around $140 in 2027, with a future increase to more than $1,300 in 2030.
Given below is an extensive weekly technical analysis of TON, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:TON technical analysis: Gearing up for double-digit valuation
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The Toncoin price prediction for 2024 was underpinned by significant price pumps, which have laid the roadmap for new attainable highs. The period under review began with TON depreciating, bottoming out at its lowest yearly support of $1.1.
A bullish rally started in August, culminating in the price testing $2.5 in mid-September. Furthermore, a subsequent rejection led to a brief breach of support at $2.0 in October. Nevertheless, the asset swiftly reclaimed it by mid-month and continued to trade within this range until late February.
The forthcoming period proved to be quite optimistic. Capitalizing on numerous developments, TON encountered a bullish breakout. The commencement of The Open League's first entire season triggered a double-digit price rally. Furthermore, 21 Shares announced the launch of a Toncoin staking exchange-traded product (ETP)
Interestingly, the asset retained substantial buying interest in early April even as the market crashed. During this time, TON rose to test $7.0. After a slight pullback that drove it to $5.3, the momentum resumed by month's end. The rally was bolstered by the hype around Notcoin’s (NOT) launch the following month.
This uptrend carried TON to its highest resistance at $8.0 in mid-June. On June 15, AMBCrypto reported that the asset peaked at an all-time high (ATH) of $8.2. Since then, it has continued to consolidate within a one-month range between the peak resistance while holding its footing at $7.0. As the analysis ended, the asset exchanged hands at $7.1.
This price downtick followed the market’s overvaluation of TON. Nevertheless, bullish sentiment remained strong among investors. Market conditions point to the $10 level as the next long-term target for bullish investors, which can also prove to be a price wall.
Notwithstanding, while TON did not establish significant lows on the price chart, AMBCrypto's examination of Santiment data showed a significant drop in the token's network growth, with fewer new addresses. Additionally, the trading velocity decreased. This decline can likely hinder TON's rally potential.
If selling pressure rises, the price might drop to $5.3. However, it is unlikely to hit new lows and could start rising toward higher levels.
Our models' future predictions for TON are quite bullish. They envision robust growth for the asset, forecasting it to average around $140 within the next three years. By 2030, the asset is anticipated to trade at an average price exceeding $1,300.
TON's 2024 roadmap: Key indicators to watch and trade
Until mid-February, the On-Balance Volume (OBV) remained relatively flat with negative values. However, as the asset's price rose later in the month, it sharply increased, moving into positive territory. The indicator ended the period at 522.081 million, indicating substantial accumulation.
The trading volume remained low during most of the analysis period. It experienced a notable increase from the end of February, reflecting substantial investor backing. Yet, this dampened recently, indicating a slight reduction in buying pressure.
The Relative Strength Index (RSI) indicator moved over the 50 line in August and mostly stayed above it. Following a temporary decline at the end of January, the RSI rapidly rose, reaching the overbought territory by mid-March.
It dropped below 70 in late April, mid and late May, and late June. At the time of writing, the indicator stood at 63.68, highlighting a bullish bias.
Toncoin Price Prediction
Toncoin has had an eventful 2023. To simplify the latest TON price prediction, we have divided up the prediction by short term Toncoin price prediction and long term Toncoin price prediction. As of writing this article, TON had a trading volume of 258,309,550. Toncoin has gone up by 4.48% in the past 30 days.
According to our analysis in the short term, Toncoin price prediction for September 2024 shows the average price of TON at 331.62 and the highest possible price for September 2024 would be $354.83.
Further, according to our analysis in the long term, Toncoin price prediction for January 2025 shows the average price of TON at 2.75 and the highest possible price for January 2025 would be $2.95.
Toncoin price prediction 20 July 2024: Toncoin's price for 20 July 2024 according to our analysis should range between $8.17 to $9.40 and the average price of TON should be around $8.79.
Toncoin price prediction 21 July 2024: Toncoin's price for 21 July 2024 according to our analysis should range between $8.22 to $9.46 and the average price of TON should be around $8.84.
Toncoin price prediction 22 July 2024: Toncoin's price for 22 July 2024 according to our analysis should range between $8.13 to $9.35 and the average price of TON should be around $8.74.
Toncoin price prediction 23 July 2024: Toncoin's price for 23 July 2024 according to our analysis should range between $8.34 to $9.59 and the average price of TON should be around $8.96.
Toncoin price prediction 28 July 2024: Toncoin's price for 28 July 2024 according to our analysis should range between $11.13 to $12.81 and the average price of TON should be around $11.97.
Toncoin price prediction 2 August 2024: Toncoin's price for 2 August 2024 according to our analysis should range between $19.78 to $22.76 and the average price of TON should be around $21.27.
Toncoin price prediction 12 August 2024: Toncoin's price for 12 August 2024 according to our analysis should range between $28.43 to $32.71 and the average price of TON should be around $30.57.
Toncoin price prediction September 2024: Toncoin's price for September 2024 according to our analysis should range between $308.40 to $354.83 and the average price of TON should be around $331.62.
Toncoin price prediction October 2024: Toncoin's price for October 2024 according to our analysis should range between $308.46 to $354.90 and the average price of TON should be around $331.68.
Toncoin price prediction November 2024: Toncoin's price for November 2024 according to our analysis should range between $308.52 to $354.96 and the average price of TON should be around $331.74.
Toncoin price prediction December 2024: Toncoin's price for December 2024 according to our analysis should range between $308.58 to $355.03 and the average price of TON should be around $331.80.
Toncoin's Long Term Price Prediction
Toncoin’s long term Price Prediction below is a look at TON’s future prospect with regards to price. Toncoin was last seen at $7.29, with a market cap of $18,310,158,439 and trading volumes of $258,309,550. TON’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community
Toncoin price prediction 2024: Toncoin's price for 2024 according to our analysis should range between $265.44 to $398.16 and the average price of TON should be around $331.80.
Toncoin price prediction 2025: Toncoin's price for 2025 according to our analysis should range between $2.20 to $3.30 and the average price of TON should be around $2.75.
Toncoin price prediction 2026: Toncoin's price for 2026 according to our analysis should range between $3.02 to $4.53 and the average price of TON should be around $3.77.
Toncoin price prediction 2027: Toncoin's price for 2027 according to our analysis should range between $4.14 to $6.20 and the average price of TON should be around $5.17.
Toncoin price prediction 2028: Toncoin's price for 2028 according to our analysis should range between $5.67 to $8.50 and the average price of TON should be around $7.09.
Toncoin price prediction 2029: Toncoin's price for 2029 according to our analysis should range between $7.77 to $11.66 and the average price of TON should be around $9.71.
Toncoin price prediction 2030: Toncoin's price for 2030 according to our analysis should range between $10.65 to $15.98 and the average price of TON should be around $13.31.
Toncoin price prediction 2031: Toncoin's price for 2031 according to our analysis should range between $14.60 to $21.90 and the average price of TON should be around $18.25.
Toncoin price prediction 2032: Toncoin's price for 2032 according to our analysis should range between $20.01 to $30.01 and the average price of TON should be around $25.01.
Toncoin price prediction 2033: Toncoin's price for 2033 according to our analysis should range between $27.42 to $41.13 and the average price of TON should be around $34.28.
Toncoin price prediction 2034: Toncoin's price for 2034 according to our analysis should range between $37.58 to $56.38 and the average price of TON should be around $46.98.
Toncoin price prediction 2035: Toncoin's price for 2035 according to our analysis should range between $51.51 to $77.27 and the average price of TON should be around $64.39.