According to CryptoAppsy data, Toncoin (TON) is currently trading at $1.31, with a market cap of $3.28 billion and a 24-hour trading volume of $125.21 million. The circulating supply stands at 2.49 billion TON. The all-time high of $8.24 was recorded on June 15, 2024, while the all-time low of $0.3906 dates back to September 20, 2021. Although the token gained 5.17% over the past 30 days, it saw a single-day drop of 2.77% on April 26, accompanied by a 7.38% decline in trading volume to $124 million.
Technical Indicators and Key Levels
The 50-day moving average sits at $1.28, while the 200-day average is at $1.91. Short-term moving averages (3, 5, and 10-day SMA) place TON in the $1.30 to $1.59 range, signaling mixed signals. Price action remains weak relative to the 100- and 200-day averages for the long term. The Relative Strength Index (RSI) is 55.17, indicating neutral territory. The Fear and Greed Index has dropped to 21, marking "extreme fear."
Short-term analysis: As long as TON holds above the $1.30 support, sideways trading may continue. A break below this level could trigger a retreat toward $1.10. Conversely, a move above $1.39 could signal a recovery rally.
Historical Price Trends and Milestones
TON launched in 2018 as Telegram Open Network, later rebranded as The Open Network, and is now managed by the TON Foundation. In June 2020, 98.55% of all Toncoin tokens were made available for mining over two years. After bottoming at $0.3906 in autumn 2021, the token surged in November 2021, retreated to $0.90 in 2022, rebounded in 2023, and hit an all-time high of $8.24 in 2024. It then pulled back to $5.20 in October 2024, $4.98 in November, and entered 2025 at $5.50 before sliding to $3.00 during a downtrend. In early 2026, TON briefly rose to $1.80 but declined again to $1.20 by April.
Long-Term Forecasts and Uncertainties
Price projections vary significantly across platforms. CoinCodex anticipates a target of $2.05 in 2026, while Gate.com adopts a more cautious outlook at $1.22. Independent analyses suggest an upward trend for TON in the medium to long term, but global market turbulence or regulatory risks could undermine these scenarios. Additionally, a planned TON ecosystem conference in Dubai scheduled for May was canceled due to escalating Middle East conflicts, and its impact on the ecosystem and price trajectory is being closely monitored.