fell 2% to $2.07 in the past 24 hours, extending a week-long decline marked by lower highs and steady selling.
The TON price briefly rose to $2.16 before reversing. That level recorded the highest trading volume of the period, with 3.61 million tokens exchanged on the move, indicating strong resistance, according to CoinDesk Research’s technical analysis data model.
After holding $2.1 for several previous sessions, TON fell below that level, hitting a low of $2.067. Volume increased again during the crisis, reinforcing the change in market structure.
Traders are now eyeing the $2.05 level as the next line of defense. If it breaks volume, the downtrend may continue. Momentum indicators point to weakness, although the decline has been more contained compared to larger altcoins.
For now, any recovery attempt would likely have to reclaim $2.1 and hold above that level, with $2.16 being a key resistance point.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
