TON price fell 3.4% over the past 24 hours, dropping to $1.5567 and widening its performance gap with broader crypto markets.
The broader market, as measured via the CoinDesk 20 Index (CD20), fell 1.8% during the same period. The pullback of TON indicates continued selling pressure specific to the token.
The token saw a few brief rallies, but eventually extended its streak of lower highs. This consistent downward movement suggests that sellers remain active even as market conditions improve elsewhere.
The trading range extended from a high of $1.6144 to a low of $1.5449, a change of nearly 4.3%, highlighting the volatility behind the decline according to CoinDesk Research’s technical analysis data model.
Volume exceeded 640,000 tokens, with spikes during sales and bounces above the daily average. This level of activity indicates that traders are repositioning, but not necessarily committing in one direction. This is a sign of uncertainty, with market participants active but cautious.
Technical signs remain mixed. The token found support near $1.5449 and rebounded towards $1.58 before falling again, suggesting buyers stepped in briefly before selling resumed. These trends suggest possible interest from major market players, but without sustained follow-up, TON remains behind.
This decline adds to a broader pattern of underperformance. For now, traders are watching for signs of stabilization or deeper rotation against the asset.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
