TON Dips 6% as Trade Jitters Ripple Through Markets, But Support Holds Firm
TON struggled to hold onto early gains Thursday, slipping from a daily high of $3.47 to a low of $3.22 as global economic tensions pressured risk assets. The sharp reversal marked a 6.2% decline before buyers stepped in late in the day to stabilize prices.
Despite the drop, TON found solid footing in the $3.22–$3.24 support band — an area that has historically attracted strong demand. The token bounced back above $3.27 heading into the close, hinting at a potential short-term floor.
Key Technical Insights:
- The token traded within a 24-hour band of $3.22–$3.47, a 7.7% swing.
- Resistance intensified near $3.44–$3.47, halting upward momentum in the mid-session.
- Bearish momentum surged post-midnight, dragging prices sharply lower.
- Volume analysis suggests that while sellers were dominant during the decline, accumulation began at support levels.
- TON closed the session with a slight rebound, pointing to renewed buyer interest but with cautious sentiment prevailing.
As TON continues to react to broader macroeconomic signals, traders will be watching to see if the $3.22 level continues to act as a safety net or gives way under renewed pressure.
