TON-USD attempted to extend its recent recovery but faltered at a key resistance level, highlighting lingering bearish pressure in the market. After approaching the $3.24 mark, the token encountered heavy selling and slipped back to close at $3.18.
The attempted breakout comes as TON recently moved out of a descending price channel — a technical development that suggests a potential trend reversal after months of decline. However, broader crypto market uncertainty, driven by ongoing global economic stress, continues to weigh on bullish momentum.
Trading volume surged past 150,000 units during the rejection, reflecting intensified sell-side activity near resistance. Despite the setback, the fading volume into the close indicates that immediate selling may be losing steam.
Key Technical Observations:
- Daily trading range reached 2.05%, or $0.065
- Resistance held firm at $3.24–$3.25
- Intraday high touched $3.21 before sharp pullback
- Strong volume spike aligned with the rejection
- Price settled at $3.18 as sellers eased off late in the session
While the immediate outlook remains cautious, TON’s breakout from its downward channel keeps the door open for a renewed push toward the $4.23–$4.26 zone if buying strength returns.
