Toncoin Surges 17% Despite Bearish Hourly Trend

Toncoin (TON) experienced a significant surge today, with its price increasing by 17%. This bullish movement places TON among the top gainers in the market. However, despite this sharp rise, the hourly chart indicates a bearish trend for TON. If the local support level is breached, the price could decline to the $3.350 zone by tomorrow.

On a larger time frame, the bulls have struggled to maintain their momentum following yesterday's bullish closure. If the bar closes far from the $3.626 level, sellers may take control, leading to a correction towards the $3.20 zone. The weekly chart shows a balanced market, with neither bulls nor bears dominating. If the bar closes around current prices, sideways trading in the $3.20-$3.80 range is likely by the end of the month.

Analysts predict that Toncoin will reach $4.48 by March 21, 2025, representing a 33.35% increase from its current price. This projection follows a 19.12% price change over the last seven days. The short-term price targets for Toncoin over the next five days are as follows: $3.44 on March 17, $3.62 on March 18, $3.86 on March 19, $4.15 on March 20, and $4.48 on March 21. All these targets indicate a buy signal.

For the month of March 2025, Toncoin is expected to rise by 107.06%, with a projected high of $11.69 and a low of $3.44, averaging around $6.95. This prediction comes after a poor market performance in the last 30 days, during which the price lost 10.51%, indicating a possible reversal of the trend. The potential return on investment (ROI) stands at 248.09%, suggesting a profitable opportunity for long traders.

In April 2025, Toncoin is predicted to start the second quarter of the year with a potential increase to as high as $16.26, which would mark a 384.13% change compared to the current price. TON is expected to trade between $10.64 on the lower end and $16.26 on the higher end, generating an average price of $13.70. The potential ROI for April 2025 is 384.13%.

The long-term forecast for Toncoin suggests a bullish trend, with potential highs of $21.90 and lows of $2.87 over the period from 2025 to 2030. The most bullish month for TON could be January 2026, when the currency is anticipated to trade 183.71% higher than today. The long-term forecast indicates a potential ROI of 551.94% by 2029, with the price potentially reaching $21.90.

The technical analysis of Toncoin shows that the 200-day SMA will rise in the next month and will hit $5.68 by April 15, 2025. The short-term 50-Day SMA is estimated to hit $5.36 by April 15, 2025. The RSI value is at 58.38, which indicates that the TON market is in a neutral position. The moving averages and oscillators suggest a mixed signal, with some indicators showing buy signals and others showing sell signals.

In conclusion, while the current sentiment for Toncoin is bearish, the short-term and long-term price predictions suggest a bullish outlook. Investors should consider both technical factors and fundamental factors before making investment decisions. The potential ROI for Toncoin over the next several years is significant, making it an attractive investment opportunity for those willing to take on the associated risks.