- TON is currently testing resistance at $3.75, with a potential breakout pushing it toward $4.50.
- If support at $3.23 fails,TON may witness price decline toward $2.90-$2.50.
Toncoin (TON) might be on its feet again as it begins to make waves in the crypto market, regardless of bearish sentiment affecting major tokens like Bitcoin, Ethereum and SOL. TON is now trading at $3.58 with a 20.33% surge in 24-hour volume, reaching $306.4 million. Over the past week, TON price has climbed 33.54%, showing a strong buying interest and momentum. But the question remains if this rally is either temporal or a sustainable one?
TON is at a critical price point. While bulls aim for a breakout past $3.75, bears are defending this level fiercely. The next move hinges on whether TON can push toward $4.50 or slip back toward $2.90. External factors, including Telegram founder Pavel Durov’s legal situation, are also adding uncertainty to the market.
Bulls and Bears Battle Out
Toncoin’s price action is a mix of bullish strength and stubborn resistance. The $3.60-$3.75 zone has been a major roadblock for upside movement. Meanwhile, $3.23 has been acting as a strong support level. A drop below this mark could send TON down to $2.90 or even $2.50.
Market sentiment turned bullish after Pavel Durov returned to Dubai, fueling speculation about institutional interest in TON.
Crypto analyst Crypto Patel pointed this out, saying:
“TON rebounded from $2.50 support and is now positioned for a strong breakout.”
Supporting this optimism, TON’s open interest has jumped 67%, signaling fresh capital entering the market. However, a breakout isn’t confirmed yet, and traders are watching closely.
Some analysts have ambitious predictions. Projections for TON suggest it could hit $13.28 by 2025 and $27.53 by 2030. But in the short term, price action remains uncertain.
Technical Analysis: Will TON Break Through $3.75?
The charts paint a mixed picture. The 14-day RSI sits at 62.29, indicating a normal buying pressure and strong investor’s confidence but its weekly RSI at 39.88 indicates a bear signal and less interest, therefore leaving a huge gap for growth and adoption.
However, TON is trading above its 10-day and 20-day moving averages, but still behind the 50-day, 100-day, and 200-day EMAs, showing that the broader trend remains uncertain.
Crypto analyst Crypto_Jobs reinforced this sentiment in a recent tweet on X.
“TON – Moonshot soon?? It looks like a clean breakout & consolidation on my line!”
On the flip side, if TONCOIN eventually loses support at $3.23, a decline towards $2.90 or $2.50 is a possibility. And if TON drops below $2.50, it equally nullifies any bullish sentiment and makes the token vulnerable to selling pressure.
Long-Term Potential: Can TON Reach Double Digits?
Despite its short-term volatility, many analysts maintain their bullish hopes on TON’s long term potential. If this current momentum continues, a climb to its ATH at $8 or even beyond seems realistic.As the Telegram ecosystem expands and institutional investors step in, a multi-year rally toward $27.53 by 2030 is possible.
However, there are risks. TON’s heavy reliance on external news and speculation creates volatility. Some analysts believe TON is overvalued at current levels and could see a correction before its next major move.
For now, TON is at a crucial turning point. A breakout past $3.75-$4.00 could trigger a strong rally, while failure to hold $3.23 may bring another downturn. Traders should watch volume trends, whale activity, and market news closely.
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