Toncoin (TON) Price Analysis: Will TON Price Reach a New High?

As of April 29, 2025, Toncoin continues to show resilience as it steadily holds above $3. This signals that TON may boom in the coming weeks

Toncoin (TON) has been exhibiting resilience as it trades above $3 on April 29. As the crypto asset continues to perform in an upward trajectory, analysts predict that if the investor’s confidence boosts, altcoins like TON could show a bullish rally.

Market participants are actively eyeing whether it could reach a new high in the near term. Here is the last 24 hours price analysis of TON to see how it’s performing.

Summary

Toncoin price today opened at $3.276 and fell to reach a low at $3.195, testing the key support.

At press time, TON trades at $3.258, showing a slight recovery from the morning lows.

Recently, Toncoin hit a high of $3.347 during the early Asian session.

Technical Analysis

After the preceding day’s uptrend, TON continues its uptrend during the early trading session. At 00:10, the price movement enters the RSI Overbought zone, which indicates a potential downtrend. Eventually, at 01:10, a pin bar acts as a signal bar, followed by a key bar, a full-body red candle, which hints at a potential downtrend. Likely, at $3.292, the price movement resists and begins to fall. At 02:05, support is found at $3.251 and begins to move up. Shortly after, at 03:55, TON resides at $3.292, showing no signs of entering a new trend. A Death Cross on MACD affirms this downtrend.

On 28th April, the early trading session of Toncoin begins with a brief rise. At 00:35 UTC, a pin bar performs as a signal bar, followed by a key bar, a full-body red candle, which hints at a potential downtrend. Likely, the Toncoin price movement resists at $3.283, begins to fall, leads to a short breakdown at 01:30 UTC, and drops to $3.195. Conversely, at 01:40 UTC, an RSI Oversold situation occurs and indicates a potential trend reversal.

As expected, the price finds support at $3.195 and enters the phase of the short-term bullish trend. A Golden Cross on moving crossovers at 02:05 UTC reassures this trend reversal. However, at 04:25 UTC, an RSI Overbought zone signals a possible downfall. Likely, at 04:30 UTC, a pin bar is formed, TON tests a resistance level of $3.287 and experiences a short decline. But at 05:40 UTC, support is found at $3.262 and continues its upward momentum.

Conversely, at 08:05 UTC, a Death Cross on MACD and an Overbought zone on RSI coincide and indicate a possible downtrend. Shortly after, a pin bar, followed by a full-body red candle, signals a downtrend at 08:10 UTC. Likely, TON price resists at $3.347, experiences a sharp decline, leads to a fake breakout, and bounces back. At 20:20 UTC, the price movement resists and drops to $3.218 at 21:10 UTC. At this level, support is found, moved in an ascending channel, and closed at $3.276.

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At press time, Toncoin price trades at $3.258. If the TON attempts to break the resistance, it could encounter a new high, suggesting bullish sentiment. If it attempts to break the key support, TON could enter the phase of a bearish trend.

As investors’ confidence boosts in the marketplace, TON might have a positive sentiment in the upcoming days. Since the crypto market is volatile, before investing in any coin, do a market analysis and find the right time to enter.