Toncoin Price Spikes 18% in a Month as TON Massively Outperforms BTC: Analyst Predicts $6.90 Target

Highlights:

• Toncoin price has soared 1.48% to $3.91 despite the wobbling crypto market. 
• Toncoin has massively outperformed Bitcoin, as BTC balance on exchanges tumbles. 
• Analyst foresees a potential upside, highlighting a rally to $6.90 in the coming days.

The Toncoin price boasts splendid bullish muscle amid a wobbling crypto market, surging 1.48% to the $3.91 mark. The recent surge is backed by the rising trading volume, which is up 49%, indicating intense market activity. Toncoin now boasts a 6% surge in the past week and a whopping 18% increase in a month. 

According to analysts, Bitcoin’s balance on exchanges is falling while Toncoin is massively outperforming the pioneering coin. Bitcoin is currently down 1% in the past 24 hours to trade at $81,772 at press time. Various analysts are viewing the recent correction in BTC as a short-term outlook as Brandt eyes the $70K mark. 

$TON is massively outperforming Bitcoin right now! pic.twitter.com/EkUlWaHnXD

— Coinvo (@ByCoinvo) March 30, 2025

Moreover, Toncoin has broken out of a descending pattern, raising optimism in the market. A well-known analyst, Johncy Crypto, has highlighted a potential upside to higher levels in the market. According to him, a successful breakout above the ascending resistance could send the price towards targets at $4.78, $6.10, and $6.90 in the coming weeks.

#TON

Toncoin is consolidating above the descending channel after breakout on the daily timeframe👨‍💻

Successful breakout above the ascending resistance could send the price towards targets at $4.78, $6.10 and $6.90 in the coming weeks🎯 pic.twitter.com/ihnT0Uehbv

— Jonathan Carter (@JohncyCrypto) March 30, 2025

Let’s decrypt more about the Toncoin price in the technical outlook. 

Toncoin Price Outlook

Toncoin is currently showing potential upside, as it is up 1% to $3.91, despite the crypto market experiencing a sharp decline. The TON token has broken out of the descending parallel channel in a daily chart timeframe. Currently, it is consolidating above the pattern, which could trigger a spike in the coming days. The bulls have established strong support at the $3.46 mark, as they target the next key resistance at around the $4.93 mark. 

Toncoin price has been carving out a bullish trajectory, inching closer to the highly anticipated $4.93 barrier. With growing investor enthusiasm and a surge in market activity, the token seems primed for a decisive breakout. The recent consolidation phase may act as an accumulation period before a substantial breakout to the upside. 

Meanwhile, if the $3.46 support level holds, a decisive break above the $4.93 barrier could trigger a buying spree, potentially causing TON to reclaim the $5.36 mark. This will definitely mark a crucial test for the upside potential to even the $6.05 mark. 

Bullish Technical Indicators Show Potential Upside

The Relative Strength Index is showing an increase in buying interest, as it reads at 60.02. Its position above the 50-mean level shows that the bulls are gaining momentum, which could push them toward the 70-overbought territory.

The MACD indicator has notably crossed above the neutral level, toward the positive territory, reinforcing the bullish signal. The bullish crossover manifested by the blue MACD line crossing above the orange signal line calls for traders to rally behind Toncoin. If the bulls sustain control, they could ignite a rally toward the $6.05 mark.

Conversely, the immediate support lies at the $3.46 mark. If the bears step in and breach the current support level, the Toncoin price could retrace to the $3.01 psychological level. A deeper correction may see the token drop to the $2.49 mark before the bulls regroup for a bounce back. In the meantime, market sentiment and volume will play a vital role in determining the next step for the Toncoin price.