fell 2% to $2.07 in the past 24 hours, extending a weeklong slide marked by lower highs and consistent selling.
The TON price briefly rose towards $2.16 before reversing. This level saw the highest trading volume of the period with 3.61 million tokens exchanged in the move, indicating strong resistance, according to CoinDesk Research’s technical analysis data model
After holding $2.1 through several previous sessions, TON fell below that level and hit a low of $2.067. Volume increased again during the crash, reinforcing the shift in market structure.
Traders now see the $2.05 level as the next line of defense. If it breaks the volume, the downtrend may continue. Momentum indicators point to weakness, although the decline has been more limited compared to major altcoins.
For now, any recovery attempt will likely need to retake $2.1 and hold above it, with $2.16 remaining as a key resistance point.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
