TON Holds Ground After 4.1% Surge, Eyes Further Upside as Bullish Structure Builds
The Open Network’s (TON) token gained 4.1% over the last 24 hours, showing resilience despite mild profit-taking late in the session. Backed by rising volume and a solid uptrend, TON broke through key resistance levels before settling into a tight consolidation zone near $3.35, according to CoinDesk Research.
The rally tracked closely with the broader market, where the CoinDesk 20 Index — a benchmark for the top 20 non-stablecoin, non-exchange cryptocurrencies — climbed 3.7% in the same period.
🔍 Technical Overview:
- TON advanced from $3.20 to $3.39, posting a 6% intraday swing before pulling back.
- A series of higher lows and higher highs confirmed a strengthening uptrend, culminating in a sharp breakout above $3.33 on elevated volume.
- Trading volume surged to 5.77M during the move — significantly above the 24-hour average, indicating strong buyer conviction.
- Support around $3.27 held through multiple tests, reinforcing a base for potential continuation.
- After peaking, TON consolidated near $3.35, while a 1.24% retracement to $3.34 hinted at short-term cooling.
- Still, support near $3.33 remained intact, and price action narrowed into a range between $3.34–$3.35 on declining volume.
The consolidation phase suggests the market is pausing before its next move, with the broader bullish structure intact. If volume returns and the $3.33 level continues to hold, TON may be poised for a fresh leg higher.
