Toncoin (TON) is showing early stabilization signs at $1.32, holding a key $1.30 support level amid market volatility. Analyst Crypto Patel forecasts a potential long-term 30x recovery if TON breaks and holds above $1.95, with key risk being a weekly close below $0.75. Technical indicators show a neutral RSI and a positive MACD histogram, suggesting possible short-term recovery momentum.
Toncoin (TON) showed limited stability after recent declines, with its price at a critical point for a potential recovery. At the time of writing, Toncoin was trading at $1.32 with a 24-hour trading volume of $119.02 million and a market capitalization of $3.23 billion, according to data from CoinMarketCap.
Crypto analyst Crypto Patel issued a bullish prediction on Toncoin, stating it could return 30 times its price if market conditions improve. Patel noted that “TON has been down 86% and is sitting in a major demand zone,” suggesting the recent dip could be a bear trap.
The next major move for Toncoin is to break and hold above $1.95, according to the analyst. Patel identified possible long-term price targets at $7, $15, and $30, though these depend on stronger buying momentum.
Recent indicators show signs of momentum stabilizing, with Toncoin’s current RSI at 48.55 in neutral territory. The token is trading near its 20-day moving average of $1.30, though all longer-term moving averages remain above the current price.
Momentum indicators are showing signs of improvement, with the MACD histogram positive at 0.01123. Analysts have stated more price confirmation and resistance levels are necessary before a trend reversal can occur.
