Toncoin (TON) traded at $1.38, posting a 3.15% gain over the past 24 hours as daily volume rose to $95.87 million. Its market capitalization stood at $3.58 billion, with a circulating supply of 2.49 billion tokens. The sharpest change came from activity: trading volume increased 45.72%, pointing to renewed market attention around the token.
TON remains far below its all-time high of $8.24, reached on June 15, 2024, but well above its record low of $0.3906 from September 20, 2021. Over the past month, the token has risen 12.14%. That move followed a three-week decline, making the current rebound notable in the context of a recent pullback rather than a clean breakout.
$1.30 support and $1.46 resistance are in focus
Chart signals cited in the source point to a three white soldiers pattern, a formation many traders read as a bullish sign. That has shifted attention toward the $1.46 resistance level. At the same time, the four-hour chart still places TON in oversold territory, which leaves room for abrupt counter-moves and short-term volatility.
One analyst view included in the material says near-term upside becomes more likely if TON holds above $1.30. A drop below that threshold could open the way for a test of $1.10. For now, those two levels frame the immediate range traders are watching.
Forecasts for 2026 to 2030 show a wide spread
Longer-dated price projections remain broad. For 2026, estimates range from $0.97 to $4.35, with an average around $1.63; the highest single forecast cited for that year is $3.35. By 2028, projections place TON between $7.26 and $9.49, with an average of $7.60. For 2030, the projected band rises to $17.71 through $20.42, averaging $18.27.
The source also says a move above $10 is projected for 2029, while reaching $100 before 2031 appears unlikely. Platform-specific estimates differ sharply. Coincodex expects TON to reach $2.20 by 2026 and $3.93 by 2028, while Gate.com gives a more restrained range of $1.34 to $1.62 for the same periods.
Telegram-linked developments remain part of the story
Toncoin began in 2018 as Telegram Open Network before shifting to community-led governance under the TON Foundation. In 2023, the token traded between $1.10 and $2.50. It later started a fresh rally from $2.11 and moved above $8 in 2024.
In recent months, TON has pulled back and stabilized in the $1.35 to $1.40 range. The source links that period to Telegram’s spending on network security and the financing of a validator contract worth 93 million TON. It also notes that an ecosystem conference planned for May in Dubai was canceled because of ongoing conflict in the Middle East. For now, TON’s price action is being tracked through those external developments as much as through the chart levels.