slipped 2% to $2.07 in the past 24 hours, extending a week of decline marked by lower highs and consistent selling.
TON price briefly rose as high as $2.16 before reversing. This level saw the highest trading volume during the period, with 3.61 million tokens traded during this move, indicating strong resistance, according to CoinDesk Research’s technical analysis data model.
After holding $2.1 for several previous sessions, TON fell below this level, reaching a low of $2.067. The volume increased further during the crisis, reinforcing the change in market structure.
Traders now view the $2.05 level as the next line of defense. If it breaks with volume, the downtrend could continue. Momentum indicators are pointing towards weakness, although the decline has been more contained than that of larger altcoins.
For now, any recovery attempt would likely require reclaiming $2.1 and holding above it, with $2.16 remaining a key resistance point.
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.
