Toncoin Rockets Upward: Can TON Smash Through $8.24 This Time?

Toncoin isn’t just climbing—it’s gunning for the stars. After a blistering rally, all eyes are on whether TON can reclaim its $8.24 peak. Here’s the breakdown.

The Run-Up:

No fluff, no filler—just raw momentum. Toncoin’s recent surge has traders buzzing, with charts painting a bullish picture. But can it sustain?

The Target:

$8.24 isn’t just a number—it’s the line in the sand. Break it, and skeptics might finally stop calling crypto a 'casino for nerds.' Fail, and well… cue the usual 'told-you-so’s from Wall Street.

The Bottom Line:

Toncoin’s got the heat. Now it needs the follow-through. Buckle up—this could get wild.

• Toncoin (TON) is currently trading at $3.36, showing a weekly gain of 6.38%.
• Analysts predict a bullish continuation, citing strong support near $7.35–$7.37.
• Forecasts suggest TON could exceed $8.24 in the coming months.

Toncoin (TON) is currently trading at $3.36, registering a 0.57% gain in the last 24 hours. Alongside the price action is the significant increase in trading volume, currently at $434.63 million, a strong 51.49% increase in daily trade. TON has gained 6.38% in the last seven days, registering strong market interest and stability amidst the volatility in the larger cryptocurrency market. 

Market participants are closely monitoring TON’s consolidation pattern, especially following a substantial upward move. With trading momentum building, many investors are optimistic about a potential breakout in the NEAR term.

Momentum Build-Up Hints at Major Rally

In a recent study by Token Talk, TON shows a classic bullish flag or pennant formation on the 4-hour chart, normally an indication of trend continuation. The token is presently supported in a key support area of $7.35 to $7.37, suggesting the potential for another upward surge should the level prove support. 

Token Talk is predicting a successful breakout could spur a MOVE back through the $7.45 to $7.50 range, potentially breaking through those levels should the momentum gain steam.

The current chart setup, along with continued support retention, is a good indication TON is entering a re-accumulation phase. These types of phases are typical precursors to significant price appreciation, so the token is priming for what analysts refer to as its “next parabolic leg.”

Also Read | TON Foundation Plans $400 Million Crypto Treasury to Hold Toncoin With Kingsway Capital support

Toncoin Price Forecast Remains Bullish

Long-term predictions favor the belief that TON is set to keep gaining. DigitalCoinPrice estimates that Toncoin may transcend its earlier all-time high of $8.24 in the near term, targeting a target range of $6.56 to $7.38 before the end of the year. Past performance indicates that TON is back on the ascending course after falling below $4.78 earlier this year.

The Changelly forecast is even more upbeat, with 2024 projections for the TON price of between $10.24 and $11.25, and the approximate average trading price of around $12.25. While their July 2025 estimate is less exuberant, with TON being only in the range of $3.61 to $3.80, that could be short-term consolidation and not a longer-term trend reversal.

Market sentiment for the moment is therefore generally upbeat, with both technical indications and analyst expectations all pointing to a continued bull case for Toncoin. Traders and investors both continue to keep TON in their sights, hoping for confirmation of the next significant price move.

Also Read | Toncoin (TON) Price Analysis: Will It Break $5.30 or Rebound from $2.87 Support?