#Toncoin (TON) – forecast for 2024

15.04.2024

⏱️20sec

The first quarter of 2024 was excellent for TON. But could it be better? Certainly. According to a 4-hour analysis of TON/USD, the token has yet to confirm its short-term bullish bias.

This is because the Awesome Oscillator (AO) remained negative, suggesting that downward momentum is possible. However, the same indicator showed green bars, which could help invalidate the bearish thesis. On a medium-term horizon, Coin Edition examined the Fibonacci indicator. From this indicator, TON indicated potential value growth. In a very bullish scenario, the 4.236 Fibonacci level positioned TON at $19.68, which could be the price the token ultimately reaches by the end of 2024.

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