Toncoin Price Targets Set at $8.74, $15.93, and $19.53
Toncoin (TON) experienced a 14.71% price decline over the past week, dropping from a consolidation range of $6.2-$6.5, according to CoinMarketCap data. Despite this downturn, market experts remain optimistic about Toncoin's potential, particularly with an upcoming altseason.
Toncoin Price Predictions
Analyst Burak Kesmeci shared multiple price targets for Toncoin during the current altcoin bull run. He noted that the 365-day moving average is currently at $5.14, a historical level where price activity typically slows. In bull markets, this moving average may indicate a local bottom for Toncoin.
Kesmeci's predictions include initial targets based on statistical comparisons with historical data. He forecasts Toncoin could reach $8.74, representing a 60.6% gain, as the altseason progresses. Further targets include $15.93 and $19.53, suggesting a potential overall gain of 280% in the first phase of altseason. However, these predictions may change as market prices fluctuate.
Current Status of Toncoin
After the recent market decline, Toncoin found a local bottom at $4.71 and is currently recovering around $5.40. To achieve Kesmeci’s price targets, Toncoin must surpass minor resistance at $6.5 and major resistance at $7.0.
Toncoin's daily trading volume has increased by 3.61%, reaching $619.19 million. With a market cap of $13.91 billion, it ranks as the ninth-largest cryptocurrency.
