Toncoin (TON) is currently trading at $3.12, down 5.18% in the past 24 hours. This drop notwithstanding, the trading volume has registered a significant increase, as the 24-hour volume surged to $209.98 million, representing an increase of 27.09%. TON has traded around $3.12 in the past seven days, having accumulated a 6.56% weekly drop.
Market players closely follow these dynamics, especially since TON is getting close to an important demand zone. Short-term dynamics reflect prudent sentiment among investors, even though volume hints at ongoing interest in the currency.
Crypto analyst Naveed highlights the fact that TON trades currently near $3.30, placing it above significant trendline support and trying to probe an important demand zone. “The setup reveals liquidity sweeps on equal lows (EQL) and equal highs (EQH) lows with room on the upside for a continuation should the bulls hold this zone,”.
The analyst pointed out a long-bias formation, indicating that should the support level of $3.25 continue to hold, TON may reach $3.57 to $3.65 in the near future.
Observers recognize that market action to this support level will most-likely dictate the directional movement forward by Toncoin, where bulls continue to try to take advantage of any upside movement while risk-averse investors keep an eye on possible resistance levels.
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DigitalCoinPrice is predicting TON to rise above the $6.84 level by the end of 2025 and shatter its former highest level of $8.24. Experts expect the token to move anywhere from a low of $6.08 to a high of $6.84 before touching new highs.
Moreover, Changelly’s 2024–2025 technical forecast indicates a broader trading range, ranging from a low of $10.43 to a possible high of $11.34. Statistical average trades are projected at around $12.25. Seasonal variations towards the middle part of 2025 may bring TON prices ranging from $3.61 to $5.36, influenced by general market conditions and market sentiment.
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