Analytical Style
TON Battles to Hold $3.25 Support After Volume Spike Signals Market Jitters
Toncoin (TON), the native token of Telegram’s blockchain ecosystem, is under pressure after a wave of sell orders pushed prices to a critical short-term support level. The token dropped 2% over the last 24 hours, hitting a low of $3.25 before finding tentative footing.
CoinDesk Research data highlights a dramatic surge in trading activity, with over 8.2 million tokens changing hands in a single hour—nearly triple the average—pointing to aggressive positioning.
- Price dipped from $3.33 to $3.26 intraday, forming a volatile trading channel.
- Technical indicators suggest further downside risk, with the 4-hour moving average trending lower.
- $3.22–$3.25 now serves as a key support band; breakdown could trigger fresh bearish momentum.
- Rejection at $3.34–$3.35 keeps bulls in check, capping upward movement.
- Temporary rebound to $3.26 suggests possible exhaustion in selling, but conviction remains weak.
If bulls fail to defend current levels, TON may face further declines before establishing a stronger floor.
