Toncoin (TON) is currently holding steady in a narrow range, having recovered just over 1% as of Monday, despite the headline-making news that Coinbase Ventures has taken a position in TON.
The move reinforces expectations of a near-term breakout above the crucial 200-day Exponential Moving Average (EMA). The TON Foundation confirmed that Coinbase Ventures now holds Toncoin, joining notable backers such as Sequoia Capital, Benchmark, and Ribbit Capital. However, the foundation has not disclosed the exact token amount acquired.
Meanwhile, CoinGlass data reveals that long positions have climbed to 50.43%—up from 48.71%—on taker buy-to-sell volume within just 24 hours. This shift signals a growing bullish sentiment among traders.
Toncoin’s Double-Edged Consolidation Range
Toncoin (TON) has traded in a narrow technical range over the past five sessions, wedged between the 100-day and 200-day Exponential Moving Averages (EMAs). The sideways movement follows a sudden 3.5% jump last Wednesday that briefly reignited bullish enthusiasm but has yet to produce a convincing breakout.
TON’s current uptrend suggests it could break the immediate dynamic resistance near the 200 EMA, despite potential continued consolidation and varied price swings. Source: MasterAnanda on TradingView
The $3.588 level of resistance—last visited on August 4—remains the key hurdle to watch. A successful close above it could trigger fresh buying pressure, paving the way for a move towards the $4.211 zone, a price area that coincides with April’s nearby high.
TON’s Sharpe Ratio at -5.5x sits in a historically favorable green accumulation zone. Source: iCrypto Sentiment & On-ch via X
This period of consolidation is a double-edged sword for traders. On one hand, it suggests that the market is digesting its recent gains and building a stronger foundation before any rally. On the other hand, the longer it remains stagnant, the greater the risk of a breakdown to the downside in the absence of buying pressure. Technical traders are monitoring volume trends and EMA positioning carefully for early confirmation, as a breakout above resistance clearly would shift sentiment from cautious optimism to aggressive accumulation very rapidly.
What’s Next for TON Price?
Several technical indicators are being watched by analysts closely. The Relative Strength Index (RSI) stands at 56 on the daily chart, which points towards fresh buying strength. Further, a bullish crossover—where the 50-day and 100-day EMAs cross each other—may initiate a bearish sequence if followed through. However, the MACD remains marginally bearish, hanging just below its signal line.
TON rose from $2.97 to $3.80, holding $3.33; break above $3.80 targets $4+. Source: Naveed via X
Should the 50-day EMA at around $3.225 be decisively broken, a decline toward the $3.00 mark is possible.
Toncoin (TON) Price Breaks Resistance, Eyes $4.84 and Beyond
In a significant technical development, Toncoin (TON) has broken through the $3.67 resistance zone—a level that had repeatedly capped price advances in recent weeks. This breakout is particularly notable because the former resistance has now flipped into a support base, a classic bullish signal that often precedes further upward movement. Market data shows that the move was supported by a surge in trading volume, indicating that buying interest was strong enough to overcome prior selling pressure.
Toncoin is testing a key $3.39 resistance zone, with potential for either a breakout toward $3.75 or a pullback toward $3.15. Source: CoreliquidityLab on TradingView
Adding to the bullish case, Toncoin’s weekly Relative Strength Index (RSI) is holding near an elevated 97, underscoring the strength of the recent momentum. While such a high RSI can sometimes signal overbought conditions, in strong trend phases it often reflects sustained demand rather than an immediate reversal. If the dominant bullish setup continues, the analysts are expecting potential upside targets within the $4.21 to $4.84 range, and with a potential extended rally to $5.37. Remaining above $3.67 will be critical, as a strong break below here will damage the breakout and tempt profit-taking.
Toncoin Price Forecast 2025: What is in Store?
Going into the year-end, several bullish scenarios are in play. A close above $3.70 on the chart accompanied by rising volume might spark a rally to the psychological level of $4.00, with further gains available up to $4.68. Declining below $3.20 could expose TON to further retracements all the way to the $3.00 range.
Toncoin was trading at around $3.41, up 0.49% in the last 24 hours at press time. Source: Brave New Coin
Further, long-term projections are still optimistic. Some projections show Toncoin can potentially hit the $9–$12 threshold by 2025 with higher network adoption and sustained bullishness.
Final Thoughts
In summary, Toncoin (TON) is poised at a pivotal juncture. The combination of Coinbase Ventures’ strategic investment and strengthening technical signals has injected renewed optimism into the toncrypto landscape. Whether TON can successfully breach key resistance zones—turning them into support—or retreat to test lower levels will shape its short- and mid-term trajectory.
Source: https://bravenewcoin.com/insights/toncoin-ton-price-prediction-ton-targets-200-ema-breakout-after-coinbase-ventures-investment