Toncoin (TON) faced stiff resistance at the $3.24–$3.25 level on Tuesday, reversing gains after an early push higher. Despite bullish attempts, the token failed to maintain momentum above the resistance zone and pulled back to settle at $3.18.
The day began with upward price action as TON climbed toward $3.25, backed by elevated trading volume. However, a sharp increase in sell orders triggered a late-session reversal, dragging the price down over 1% from intraday highs.
Highlights:
- 24-Hour Price Range: $3.16–$3.25
- Peak Volume: Exceeded 150,000 units during resistance test
- Resistance Rejection: $3.24–$3.25 capped further upside
- Support Zone: $3.17–$3.18 remains firm
- Closing Price: $3.18, with reduced post-selloff volume
Though TON failed to break out, it has exited a descending channel pattern, hinting at a possible medium-term trend shift. A confirmed move above $3.25 could validate a bullish breakout, with the next technical target seen between $4.23 and $4.26.
Until then, traders are watching to see whether the $3.17 support can continue to absorb downward pressure amid broader crypto market headwinds.
