Toncoin (TON) Price Forecast: Will Toncoin Break $30 After Long-Term Correction?

Toncoin (TON) has been trading near a crucial weekly support zone following a sustained corrective phase from its 2024 highs. Since mid-2022, TON respected a rising macro trendline, forming higher lows that signaled steady accumulation by long-term holders.

After breaking key horizontal resistance in early 2024, the coin experienced a strong rally, but this was followed by a prolonged downward correction within a defined descending channel. This corrective structure dominated price action throughout 2024 and 2025, producing lower highs and lower lows while testing the patience of investors.

Source: X

Recent price behavior suggests that selling pressure may have been largely absorbed around the $1.70–$1.80 range. Liquidity sweeps below channel support indicate capitulation rather than a continuation of the downtrend. Long-term buyers appear to have stepped in, setting the stage for potential re-accumulation and future upside. Analysts note that as long as TON holds above $1.40, the macro bullish bias remains intact.

Bounce from Channel Support Signals Potential Trend Reversal

TON’s latest bounce off channel support points to a possible trend reversal if the coin can reclaim the midline of the descending corrective channel. A successful move above this level would signal the transition from correction to expansion, invalidating the previous bearish structure. Price targets for this scenario are ambitious, ranging from $3.50 to $30, based on macro resistance and the upper extension of the long-term ascending trendline.

On the daily chart, however, the technical picture is more cautious. TON is trading at $1.73, below key moving averages including the 20, 50, 100, and 200-day EMAs. The EMA cluster around $1.73–$1.93 acts as immediate resistance, while the 200 EMA near $2.37 reflects longer-term bearish pressure. This setup indicates that any short-term rallies remain corrective unless sustained momentum drives the price above these levels.

Source: Tradingview

Toncoin RSI Signals Eased Selling but Limited Buying

Momentum indicators present a mixed but stabilizing picture. The 14-day RSI has recovered to around 52 after oversold conditions, suggesting selling pressure has eased. However, it remains below the bullish zone above 60, signaling that buyers lack strong follow-through.

Source: Tradingview

Similarly, the MACD histogram has turned positive briefly but is flattening near the zero line, indicating that the market is in consolidation rather than a clear bullish trend. The Bull Bear Power remains slightly negative, confirming that sellers still hold structural control.

Also Read: Toncoin (TON) Forecast: 29% Price Surge Sparks Market Frenzy