Toncoin (TON) Price Prediction 2023 — Will TON Hit $10 Soon?

Toncoin (TON) Price Prediction 2022 — Will TON Hit $2.5 Soon?
  • Bullish TON price prediction for 2023 is $3.4450 to $5.1025.
  • Toncoin (TON) price might also reach $10 soon.
  • Bearish TON  price prediction for 2023 is $1.2025.

In Toncoin (TON) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about TON to analyze the future movement of the cryptocurrency. 

Toncoin (TON) Current Market Status

Current Price $2.22
24 – Hour Trading Volume $44,108,191
24 – Hour Price Change 1.6% down
Circulating Supply 1,473,591,410
All – Time High $5.29 (On November 12, 2021 )  
TON Current Market Status (Source: CoinGecko)

What is Toncoin (TON)?

Toncoin (TON) is the native token of The Open Network. TON can be used to pay transaction fees, settle payments, and validate transactions on the Toncoin blockchain, which uses the proof of stake (PoS) consensus model.

The Open Network, also known as TON, is a decentralized layer-1 blockchain platform created by the cloud-based instant messaging service, Telegram. This offers quick, cheap, and energy-efficient transactions. The Open Network is also renowned for its scalability, flexibility, and environmental friendliness.

Toncoin (TON) Price Prediction 2023

Toncoin (TON) holds the 21st position on CoinGecko right now. TON price prediction 2023 is explained below with a daily time frame.

TON /USDT Ascending Channel Pattern (Source: Tradingview)

The above chart of Toncoin (TON) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines connecting the higher and higher lows respectively appear to move within a rising slope. Significantly, this pattern is generally a characteristic of a bullish trend.

Currently, Toncoin (TON) is in the range of $2.21. If the pattern continues, the price of TON might reach the resistance level of $3.2959. If the trend reverses, then the price of TON may fall to $2.0263, $1.3764, and $0.7967.

Toncoin (TON) Support and Resistance Levels

The chart below shows the support and resistance levels of Toncoin (TON).

TON /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Toncoin (TON).

Resistance Level 1$3.4450
Resistance Level 2$5.1025
Support Level 1$2.0039
Support Level 2$1.2025
TON/USDT Support and Resistance Levels

The charts show that TON has performed a bullish trend over the past month. If this trend continues, TON might run along with the bulls overtaking its resistance level at $5.1025.

Accordingly, if the investors turn against crypto, the price of TON might plummet to almost $1.2025 a bearish signal.

Toncoin (TON) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Toncoin (TON) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of TON lies below the cutoff line, indicating weak participants in the current trend.

TON /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Toncoin (TON) is shown in the chart above. Notably, the TON price lies below 50 MA (short-term), so it is in a downtrend. Currently, TON has entered a bearish state. Therefore, there is a possibility of a reversal trend of TON at any time.

Meanwhile, the relative strength index (RSI) of the TON is 48.62. This means that TON is nearly in an oversold state. However, this means a major price reversal of TON may occur in the upcoming days. So, traders need to trade carefully.

Toncoin (TON) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Toncoin (TON). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

TON /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Toncoin (TON). Currently, the ADX of TON lies in the range of 43.5102 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Toncoin (TON). RVI measures the constant deviation of price changes over a period of time. The RVI of TON lies below 50, indicating low volatility. In fact, the RSI of TON is at 48.62, thus confirming a potential sell signal.

Comparison of TON with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Toncoin (TON).

BTC Vs ETH Vs TON Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price actions of BTC, ETH, and TON are not moving in a similar trend. This indicates that when the price of BTC and ETH increases the price of TON decreases and when the price of BTC and ETH decreases, the price of TON increases.

Toncoin (TON) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Toncoin (TON) between 2024 and 2030.

Toncoin (TON) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  Toncoin (TON) might probably attain $15 by 2024.

Toncoin (TON) Price Prediction 2025

With several upgrades in the network, Toncoin (TON) might enter a bullish trajectory. If the coin grabs the attention of major investors, TON might rally to hit $20 by 2025. 

Toncoin (TON) Price Prediction 2026

If Toncoin (TON) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, TON would rally to hit $27.

Toncoin (TON) Price Prediction 2027

If Toncoin (TON) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, TON would rally to hit $39.

Toncoin (TON) Price Prediction 2028

If Toncoin (TON) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, TON will rally to hit $51.

Toncoin (TON) Price Prediction 2029

If Toncoin (TON) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, TON would hit $63 in 2029.

Toncoin (TON) Price Prediction 2030

If investors flock in and continue to place their bets on Toncoin (TON), it would witness major spikes. TON might hit $75 by 2030.

Conclusion

With continuous improvements in the Toncoin network, we can say that 2023 is a good year for TON. For this reason, the bullish price prediction of Toncoin (TON) in 2023 is $5.1025. On the other hand, the bearish price prediction of Toncoin (TON) price prediction for 2023 is $1.2025.

Furthermore, with the advancements and upgrades to the Toncoin ecosystem, the performance of TON would help to reach above its current all-time high (ATH) of $5.29 very soon. But, it might also reach $2.5, if the investors believe that TON is a good investment in 2023.

FAQ

1. What is Toncoin (TON)?

Toncoin (TON) is the native token of The Open Network (TON), a decentralized Layer 1 blockchain network. TON can be used to pay transaction fees, settle payments, or validate transactions on the Toncoin blockchain utilizing the proof of stake (PoS) consensus model.

2. Where can you purchase Toncoin (TON)?

Toncoin (TON) has been listed on many crypto exchanges which include CoinEx, KuCoin, OKX, Gate.io, Huobi Global, LBank and MEXC. 

3. Will Toncoin (TON) reach a new ATH soon?

With the ongoing developments and upgrades within the Toncoin (TON) platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Toncoin (TON)?

On November 12, 2021, Toncoin (TON) reached its new all-time high (ATH) of $5.29.

5. Is Toncoin (TON) a good investment in 2023?

Toncoin (TON) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Toncoin in the past few months, TON is considered a good investment in 2023.

6. Can Toncoin (TON) reach $10?

Toncoin (TON) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Toncoin (TON) will hit $10 soon.

7. What will be Toncoin (TON) price by 2024?

Toncoin (TON) price is expected to reach $15 by 2024.

8. What will be Toncoin (TON) price by 2025?

 Toncoin (TON) price is expected to reach $20 by 2025.

9. What will be Toncoin (TON) price by 2026?

 Toncoin (TON) price is expected to reach $27 by 2026.

10. What will be Toncoin (TON) price by 2027?

 Toncoin (TON) price is expected to reach $39 by 2027.          

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

 

 

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.