#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
Toncoin (TON) Price Prediction: The launch of the Tac Mainnet allows over 1 billion users to go on-chain, and the trend breakthrough may pump to $3.5.
Toncoin (TON) follows the rebound of Bitcoin and the market, reporting at $3.16 during the Asian early trading session today (17th). After the release of the Tac Mainnet on Tuesday, over 1 billion Telegram users will be able to interact directly with decentralized applications (DApp) on the Ethereum Virtual Machine (EVM) within the messaging app. This new feature drops the technical barrier for mainstream users and is expected to promote the adoption of DApps and the capital inflow into the TON network.
TON Price Analysis
The TON price has broken through the moving average (MA) and is currently approaching the descending trend line of the descending triangle pattern.
(Source: Trading View)
The 20-day Exponential Moving Average (EMA) is at $2.94 and has started to rise, while the Relative Strength Index (RSI) has jumped into positive territory, indicating that buyers are in control. It is expected that the bears will hold the downward trend line, as breaking this trend line would invalidate the current bearish pattern. This could push TON up to $3.69.
On the contrary, if the price drops significantly from the downward trend line, it indicates that bears continue to sell during the upward movement. This situation will cause the token to oscillate within the triangular formation for a period of time. If the bears push the price below the $2.75 support level, they will regain the upper hand.
(Source: Trading View)
Both moving averages have begun to rise, and the RSI is in the positive territory, indicating that the bulls are in control. Buyers will attempt to push the price down towards the downward trend line, but this may pose a significant challenge.
If the price falls back from the descending trend line but rebounds from the 20-day moving average, it indicates that market sentiment remains bullish. This situation increases the likelihood of breaking above the descending trend line. The TON price may rise to $3.4 and then to $3.5.
On the contrary, if the price falls below the moving average, it indicates that the bulls are losing control. At that time, the price may drop to $2.9.