Despite a Drop in Major Tokens, TON Advances 3%
Toncoin (TON) failed to break through key resistance at $3.25 on Tuesday, retreating to end the session at $3.18 amid increased selling pressure. The move came as broader risk assets showed signs of fatigue, with crypto markets weighed down by global macro uncertainty.
TON rose as high as $3.25 before reversing gains, marking a 3% swing on the day. Trading volume surged to over 150,000 units, indicating strong market interest around the resistance zone. The token maintained support between $3.17 and $3.18 despite the pullback.
Key Metrics:
- Intraday Range: $0.09 (approx. 2.8%)
- High: $3.25
- Low: $3.16
- Settlement Price: $3.18
- Volume: Above 6.6M, nearly triple average daily levels
The price structure remains constructive following TON’s breakout from a multi-week descending channel. Analysts now eye the $4.23–$4.26 region as the next resistance band should momentum return.
For now, market participants are closely watching whether TON can consolidate above $3.17 in the coming sessions — a level that may determine its next directional move.
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