- Bullish TON price prediction for 2023 is $1.479 to $1.971
- Toncoin (TON) price might reach $3 soon.
- Bearish TON price prediction for 2023 is $0.886.
In this Toncoin (TON) price prediction for 2023, 2024-2030, we will analyze the price patterns of TON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency
TABLE OF CONTENTS |
INTRODUCTION |
|
TONCOIN (TON) PRICE PREDICTION 2023 |
|
| TOCOIN (TON) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Toncoin (TON) Current Market Status
| Current Price | $1.41 |
| 24 – Hour Trading Volume | $40,089,201 |
| Market Cap | $4,831,582,032 |
| Circulating Supply | 3,431,892,088 TON |
[TD]24 – Hour Price Change[/TD]
[TD]0.16% Up[/TD]
[TD]All – Time High[/TD]
[TD]$5.84 (On Nov 12, 2021) [/TD]
[TD]All – Time Low[/TD]
[TD]$0.3906 (On Sep 20, 2021) [/TD]
[/TR]
TON Current Market Status (Source: CoinMarketCap)
What is Toncoin (TON)
| TICKER | TON |
| BLOCKCHAIN | Toncoin |
| CATEGORY | Decentralized Layer-1 Blockchain |
| LAUNCHED ON | 2018 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Toncoin (TON) is the native token of The Open Network. TON can pay transaction fees, settle payments, and validate transactions on the Toncoin blockchain, which uses the proof of stake (PoS) consensus model.
The Open Network, or TON, is a decentralized layer-1 blockchain platform created by the cloud-based instant messaging service, Telegram. TON offers quick, cheap, and energy-efficient transactions. The Open Network is also renowned for its scalability, flexibility, and environmental friendliness.
Toncoin 24H Technicals
(Source: TradingView)
Toncoin (TON) Price Prediction 2023
Toncoin (TON) ranks 16th on CoinMarketCap in terms of its market capitalization. The overview of the Toncoin price prediction for 2023 is explained below with a daily time frame.
TON/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Toncoin (TON) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Toncoin (TON) was recorded at $1.41. If the pattern trend continues, then the price of TON might reach the resistance levels of $1.431, $1.755, and $2.250. If the trend reverses, then the price of TON may fall to the support of $1.156.
Toncoin (TON) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Toncoin (TON) in 2023.
TON/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Toncoin (TON) for 2023.
| Resistance Level 1 | $1.479 |
| Resistance Level 2 | $1.971 |
| Support Level 1 | $1.156 |
| Support Level 2 | $0.886 |
TON Resistance & Support Levels
Toncoin (TON) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (TON) are shown in the chart below.
TON/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Toncoin (TON) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.339Price = $.393 (50MA< Price) | Bullish / Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 61.09 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Toncoin (TON) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Toncoin (TON) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
TON/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Toncoin (TON).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 28.835 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 50.47 <50 = Low >50 = High | High volatility |
Comparison of TON with BTC, ETH
Let us now compare the price movements of Toncoin (TON) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs TON Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of TON is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of TON also increases or decreases respectively.
Toncoin (TON) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Toncoin (TON) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Toncoin (TON) Price Prediction 2024 | $3.8 | $0.9 |
| Toncoin (TON) Price Prediction 2025 | $4.4 | $0.99 |
| Toncoin (TON) Price Prediction 2026 | $5.1 | $1 |
| Toncoin (TON) Price Prediction 2027 | $6.4 | $1.2 |
| Toncoin (TON) Price Prediction 2028 | $7.7 | $1.5 |
| Toncoin (TON) Price Prediction 2029 | $8.9 | $1.6 |
| Toncoin (TON) Price Prediction 2030 | $9.5 | $1.9 |
Conclusion
If Toncoin (TON) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Toncoin (TON) price prediction for 2023 is $1.971. Comparatively, if unfavorable sentiment is triggered, the bearish Toncoin (TON) price prediction for 2023 is $0.886.
If the market momentum and investors’ sentiment positively elevates, then Toncoin (TON) might hit $5. Furthermore, with future upgrades and advancements in the Toncoin ecosystem, TON might surpass its current all-time high (ATH) of $5.84. and mark its new ATH.
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 pay transaction fees, settle payments, or validate transactions on the Toncoin blockchain using 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, BingX, LBank and MEXC.
3. Will Toncoin (TON) reach a new ATH soon?
With the ongoing developments and upgrades within the Toncoin Platform, TON has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Toncoin (TON)?
On Nov 12, 2021, Toncoin (TON) reached its new all-time high (ATH) of $5.84.
5. What is the lowest price of Toncoin (TON)?
According to CoinMarketCap, TON hit its all-time low (ATL) of $0.3906, On Sep 20, 2021.
6. Will Toncoin (TON) reach $3?
If Toncoin (TON) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon.
7. What will be Toncoin (TON) price by 2024?
Toncoin (TON) price is expected to reach $3.8 by 2024.
8. What will be Toncoin (TON) price by 2025?
Toncoin (TON) price is expected to reach $4.4 by 2025.
9. What will be Toncoin (TON) price by 2026?
Toncoin (TON) price is expected to reach $5.1 by 2026.
10. What will be Toncoin (TON) price by 2027?
Toncoin (TON) price is expected to reach $6.4 by 2027.
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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.
