TON Token Shows Volatile Strength, Surges 2.7% Before Pulling Back Near Key Support
Telegram’s TON token demonstrated notable intraday volatility Monday, jumping from a low of $3.156 to a session high of $3.24, a 2.7% gain driven by strong volume surges. The token broke through resistance around $3.20 before encountering selling pressure that sent prices retreating to the $3.19 support level.
This sharp retracement of nearly 2.7% from the high highlights active profit-taking, but the rapid recovery to hold just above $3.19 suggests buyers are defending key levels. Trading volume peaked at 5.46 million tokens during the price spike, reflecting heightened market interest.
The price action indicates a short-term consolidation phase, with the $3.19–$3.20 range serving as a critical battleground for bulls and bears as TON looks to establish a foundation for its next move.
