TON Price on April 29: Will It Break Past $3.30 to Set a New High?

As of April 29, 2025, Toncoin continues to show resilience as it steadily holds above $3. This signals that TON may boom in the coming weeks if it continues to perform in an upward trajectory. This crypto asset is gaining upside momentum after its recent short-term dip. Analysts predict that if the investor’s confidence boosts, altcoins like TON could exhibit a bullish rally. Market participants are actively eyeing whether it could reach a new high in the near term.

Here is the detailed TON price analysis for the last 24 hours to see how it’s performing. 

TON Dropped to $3.188 – April 28, 2025

On 28th April 2025, the early trading session of Toncoin began with a brief rise. At 00:35 UTC, a pin bar performed as a signal bar, followed by a key bar, a full-body red candle, which hinted at a potential downtrend. Likely, the Toncoin price movement resisted at $3.283, began to fall, led to a short breakdown at 01:30 UTC, and dropped to $3.195. Conversely, at 01:40 UTC, an RSI Oversold situation occurred and indicated a potential trend reversal. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 29, 2025

As expected, the price found support at $3.195 and entered the phase of the short-term bullish trend. A Golden Cross on moving crossovers at 02:05 UTC reassured this trend reversal. However, at 04:25 UTC, an RSI Overbought zone signaled a possible downfall. Likely, at 04:30 UTC, a pin bar formed, TON tested a resistance level of $3.287 and experienced a short decline. But at 05:40 UTC, support was found at $3.262 and continued its upward momentum. 

Conversely, at 08:05 UTC, a Death Cross on MACD and an Overbought zone on RSI coincided and indicated a possible downtrend. Shortly after, a pin bar, followed by a full-body red candle, signaled a downtrend at 08:10 UTC. Likely, TON price resisted at $3.347, experienced a sharp decline, led to a fake breakout, and bounced back. At 20:20 UTC, the price movement resisted and dropped to $3.218 at 21:10 UTC. At this level, support was found, moved in an ascending channel, and closed at $3.276.

TON Sustains Between the Key Levels – April 29, 2025

Following the preceding day’s uptrend, on April 29, 2025, TON continued its uptrend during the early trading session. At 00:10, the price movement entered an RSI Overbought zone, indicating a potential downtrend. Eventually, at 01:10 UTC, a pin bar acted as a signal bar, followed by a key bar, a full-body red candle, which hinted at a potential downtrend. Likely, at $3.292, the price movement resisted and began to fall. At 02:05 UTC, support was found at $3.251 and began to move up. Shortly after, at 03:55 UTC, TON resided at $3.292, fluctuating within the key levels. A Death Cross on MACD affirmed this downtrend. 

Will TON Price Reach a New High?

In today’s TON price analysis, Toncoin price movement is projected to undergo dynamic price action. If the TON attempts to break the resistance, it could encounter a new high, suggesting bullish sentiment. If it attempts to break the key support, TON could enter the phase of a bearish trend. As investors’ confidence boosts in the marketplace, TON might have a positive sentiment in the upcoming days. Since the crypto market is volatile, before investing in any coin, do a market analysis and find the right time to enter.