Toncoin (TON) is currently trading at $3.13 after retreating 1.04%. There was a sudden increase in activity within the last 24 hours when trading volume surged to $144.84 million from an increase of 53.78%. Even after this upsurge in market participation levels, price movement has been largely flat and indicates a sense of caution. During the previous week, TON maintained the same price level with only a minor decline of 0.53%.
Numbers show buyers and sellers remain undecided. Even though growth of volume brings new interest, unchanging price signals intense consolidation. Traders are closely monitoring whether an asset gets out of this narrow range or continues its sideway stretch.
Declining volume signals big move ahead
Crypto analyst Jonathan Carter recognized a key setup of Toncoin. He explained that TON has remained trapped inside a symmetrical triangle pattern for nearly 200 days. Currently, the price is at the top where pressure is building up and a breakout is more likely. That declining volume of this squeeze makes it stronger.
Carter is sure once the breakout is underway, the move will come fast. His price targets of $3.36 and $4.85 give traders a narrow window of potential profit and do so briefly. The simple word is this: when the pattern narrows, profit often follows. Pattern recognition, he says, can become profit recognition.
TON Forecasts for 2025
Market analysts are optimistic about the long-term future of Toncoin. DigitalCoinPrice has it making a strong jump in 2025. Forecasting analysts believe TON will break beyond the $6.89 threshold before the end of the year. It may test its previous all-time high of $8.24 if the momentum is sustained. Investors are anticipating the token to stabilize at around $6.13 and $6.89 once a breakout is solid.
Coincodex is offering a short-term outlook that is valid through September 2025. That of their projections has Toncoin hitting $3.69, with prices ranging between $2.88 and $4.19. That forecast carries a 34.53% potential return. Despite earlier performance showing a -11.54% decline on a month-to-month basis, analysts are quick to remind that such slumps are usually harbingers of upward movement.
