TON Coin (TON) Market Update
The current price of TON Coin (TON) is $5.41, marking a 3% increase in the last 24 hours. Historically, TON has closed above its opening price on 48.34% of trading days. Its all-time high of $8.03 was reached three months ago, with the current price down 32.69% from that peak.
Technical analysis from 17 indicators shows a bearish sentiment, with 1 indicator suggesting a buy and 12 indicating a sell. To initiate a potential uptrend, TON needs to close above the resistance level of $5.51. The support level is set at $4.94; if the price falls below this, further declines could occur. Conversely, a successful close above $5.51 could lead to the next resistance at $5.87.
The 14-day relative strength index (RSI) is at 43.45, indicating neutral market conditions, while the weekly RSI sits at 39.88, also reflecting a lack of oversold or overbought conditions. On the daily chart, exponential moving averages signal bearish trends, with the price currently below all these averages.
Historically, TON has closed above its October opening price in 2 out of 3 instances, and November has been its strongest month over the past four years. In contrast, July has been the weakest month, with the price at the end of July lower than its starting price three times out of four.
Looking ahead, price predictions estimate that TON could reach $6.12 in the next ten days. Long-term forecasts suggest a price of $21.01 by 2025, $40.44 by 2030, and $125.47 by 2040. For 2024, the expected range is between $2.36 and $5.84, with a maximum forecast for the following year of $21.01 and a minimum of $15.67.
