The post Toncoin Price Struggles! Can It Bounce Back from its 30-Day Lows? appeared first on Coinpedia Fintech News
Amid the ongoing market turmoil, the Toncoin price has continued to lose value this year. This indicates a strong bearish sentiment for the altcoin in the crypto space. Further, with consolidated price action, this altcoin has repeatedly failed to reclaim the $4 mark.
If the market continues favoring the bears this month, will the Ton price achieve a new 52-week low soon? In this article, we have covered the possible short-term “Toncoin Price Analysis” just for you.
TON Price Records A Consolidated Price Action!
The price of Toncoin has dropped by 3.23% in 24 hours with a trading volume of $127.78 million. Moreover, it has plunged 28.33% over the past month and has a Year-to-Date (YTD) return of -32.43%. With a market cap of $9.275 billion, it has secured the 16th position.
The Moving Average Convergence Divergence (MACD) is on the path of experiencing a bullish crossover in its averages with its histogram displaying a similar price action. This suggests an increase in the positive outlook for the altcoin this week.
Moreover, the SMA indicator records a similar price trend in the daily time frame. This highlights that the 16th largest crypto token may continue gaining value in the upcoming time.
Will Toncoin Price Hit $5?
If the Toncoin price regains bullish sentiment, this could push its value toward its resistance level of $4.035. Maintaining the price above that level could set the stage for it to head toward its upper high of $6.415 in the coming time.
Conversely, if the bears outrun the bulls, this altcoin may retest its immediate support level of $2.960. Furthermore, if the bears dominate the crypto space, this could pull the price toward its lower support trendline of $2 in the coming weeks.
Are you one of many who are curious to find out if this altcoin will hit $10 this altcoin season? Read CoinPedia’s Toncoin Price Prediction 2025, 2026 – 2030!
FAQs
If the bulls regain dominance, the TON coin price may reach a maximum trading value of $16.65 this year.
Considering the present market sentiments, it is highly unlikely for this altcoin to achieve the target price of $100 anytime soon.
With a 24-hour trading volume of $127.781 million, this altcoin is currently changing hands at $3.728.
