Toncoin Surges 9% Amid Bullish Market Sentiment
2min read Toncoin (TON) has experienced a notable surge in its price, rising by 9% since the previous day. This increase stands in contrast to the broader market trend, which has turned red at the end of the week. The hourly chart for TON indicates a bullish outlook, with the potential for further growth to the $4 mark if the local resistance is breached.
On a larger time frame, the focus is on the daily candle's closure around the $3.914 level. If the candle closes near this level without a long wick, it could signal sufficient accumulated energy for an upward move to the $4-$4.10 zone. From a mid-term perspective, TON is breaking through the $3.903 level, and if the bar closes above it, traders may see continued growth towards the $4.40-$4.60 area.
Analysts predict that TON is facing a significant resistance level at $3.9, with a potential breakthrough that could drive the price to $4.79 and $5.66 in the coming days. This prediction is based on the current market sentiment and technical analysis, which indicates a bullish engulfing pattern on the weekly time frame. This pattern suggests that TON is poised to continue its uptrend after nearly two weeks of correction and sideways movement. If the price remains above this level, it could keep rising and eventually reach the first major target of $20.
Ask Aime: What factors contribute to Toncoin's recent price surge, and what's the potential future trajectory?
On March 27, 2025, TON briefly rallied above the neckline, achieving a strong 3.78% daily gain and closing at $3.817. This rally was driven by a 3% increase in TON's price, despite a subsiding inflow of crypto market funds. The integration of Grok AI into Telegram has also contributed to this rally, with traders targeting a $10 billion valuation for TON.
The real-time price of TON to USD is $3.90, with a market cap of $9.68 billion. The technical chart on the weekly time frame shows a bullish engulfing pattern, indicating strong momentum favoring buyers. This candlestick pattern suggests that TON is ready to continue its uptrend after nearly two weeks of correction and sideways movement. Under the influence of this pattern, investors can expect TON to revisit the recently set all-time high of $8, providing better confirmation of the bull run market.
The 3-month Toncoin bias indicator shows a bullish sentiment of 44% and a bearish sentiment of 56%, indicating a divided market on the future direction of TON. However, the bullish engulfing pattern on the weekly time frame suggests that the bulls may have the upper hand in the near future.
The price prediction for TON for the next 30 days shows a steady increase, with a potential gain of 167.44% if investors decide to buy TON at the current price. The price is expected to reach $4.05 on March 27, 2025, and gradually increase to $4.11 by April 25, 2025. The price is expected to continue rising, reaching $4.15 by May 2025, and $4.20 by June 2025.
The price prediction for TON for the next five years shows a steady increase, with a potential gain of 167.44% by 2025. The price is expected to reach $7.99 by 2025, and $10.27 by 2030. This prediction is based on the current market sentiment and technical analysis, which suggests a bullish trend for TON in the near future. However, it is important to note that the price of TON is subject to market volatility and may fluctuate in the short term.
