TONcoin (TON) Price Soaring: Could it Reach $3 This Year?

• Toncoin (TON) is currently trading at $2.49, with a 24-hour gain of 4.3% and 14-day price rally of 9.2%.
• Technical analysis indicates that TON will reach the $3 resistance level in the coming weeks.
• Price prediction for 2023 suggests that Toncoin will increase to $3.56 and 2025 forecast shows it will trade around $7.74.

Toncoin (TON): Overview

Toncoin (TON) is a decentralized layer-1 blockchain created to provide users with secure and anonymous transactions as well as fast transaction speeds. It trades at $2.49, indicating a 4.3% price increase in 24 hours and has a 14-day price gain of 9.2%.

Toncoin (TON) Technical Analysis

The asset has remained above its 50-day and 200-day Simple Moving Average on the daily chart since the golden cross formation, which is a bullish sentiment indicating further short and long-term increase potentials. The Relative Strength Index (RSI) is at 57.53, indicating neutrality reflected in sideways movement while the Moving Average Convergence/Divergence (MACD) is below its signal line and moving downwards, which is a bearish sentiment. Support levels are $2.19, $2.25, and $2.36; resistance levels are $2.53, $2