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- Toncoin price prediction looks bullish after retesting the $6.50 support level.
- Momentum at risk as Toncoin network activity drops — new addresses fall 16.33%.
The cryptocurrency market had an explosive November, with Toncoin [TON] soaring by an impressive 50% and flipping the $6.50 resistance into solid support. December started strong, delivering gains of 14% in its first week.
However, a retracement to retest the support level has wiped out those gains.
Over the past seven days, TON has slipped by 1.01%, trading within a daily range of $6.59 to $6.82. Will the altcoin regain its bullish momentum, or is the market bracing for further consolidation?
Toncoin price prediction as 2025 approaches
Toncoin was trading at $6.58 at press time, experiencing a 3.54% daily decline. The key support was $6.50, a critical level as it has previously flipped from resistance, offering a base for a recovery.
The Alligator indicator showed consolidation, with the fast moving average flattening near the current price.
Momentum indicators, including the Stochastic RSI at 59.02, pointed to possible downward pressure. Meanwhile, the 14-day RSI at 59.38 reflecting weakening bullish momentum.
Source: Trading View
For a bullish continuation, TON must break $7.2 and target $7.5, a key step toward revisiting $8.24, its all-time high.
Conversely, a breach below $6.50 could lead to declines toward $6.28 and deeper support at $5.45. These levels are crucial for monitoring as 2025 approaches.
Network activity will fuel TON’s rebound
Network activity for TON has seen declines, with new addresses down by 16.33% and active addresses dropping by 19.69%.
The decrease in zero-balance addresses, falling 41.90%, highlighted reduced engagement across the blockchain. This activity correlates with recent price consolidation and market sentiment.
Source: IntoTheBlock
Active addresses tend to follow price movements, emphasizing the connection between network participation and market trends.
The current decline in network activity signals reduced interest, reflecting broader market retracements. A renewed focus on network growth will be key to driving a potential rebound.
To regain momentum, TON requires network activity to increase alongside supportive price action. Enhanced engagement could fuel renewed bullish momentum for the ecosystem.
Slight bearish bias dominates
Toncoin’s sentiment was slightly bearish in the past week. The market appeared cautious, with the difference between bulls and bears hovering near neutral levels. It indicated a consolidating market preparing for its next move.
Source: IntoTheBlock
Read Toncoin’s [TON] Price Prediction 2024–2025
Historical data showed strong bullish dominance in 2020 and bearish trends in 2022, suggesting a cyclical nature to sentiment shifts.
The current balance shows that the market may break either way, depending on broader momentum.
