![](https://public.bnbstatic.com/image/pgc/202403/cbdb9391fcf6b77b6cadb228ebbd5f08.png)
TON Price Outlook
Market performance
After briefly showing a neutral trend, the 13th-ranked cryptocurrency showed a significant upward trend. TON price has gained 23.72% in the past 24 hours and 31.29% over the past week, highlighting positive price action in the coming days.
Bullish Momentum
Recently, bulls have regained momentum with the valuation rising by just over 42% in 24 hours, indicating a strong bullish reversal in the market. However, the price was rejected at $3.499 and has been trading under a bearish influence since then.
![](https://public.bnbstatic.com/image/pgc/202403/36ed503aa15a65f159b885daf68f338e.png)
Technical indicators
The RSI continues to trade above the overbought territory, indicating strong buying and oversold pressures in the cryptocurrency market. Furthermore, these averages show the possibility of a long-term bearish convergence, indicating uncertainty about future price action.
Price Outlook
Bullish scenario:
If the market can sustain the price above the $3.499 support, the bulls will regain momentum and will be ready to test the $3.944 resistance. Moreover, if the bulls can keep the price above this level, it will test its overhead resistance at $4.250 in the coming week.
Bearish scenario:
On the downside, a trend reversal could pull the price towards the $3.211 support level. Moreover, if the bearish trend persists, TON price will be ready to test its lower support at $2.897.