TON Rejected at $3.24 Resistance, Stabilizes Around $3.18

TON-USD failed to maintain upward momentum after briefly approaching the $3.24 resistance level, slipping to $3.18 by the close as profit-taking intensified. The move comes during a period of heightened uncertainty across crypto markets, driven by escalating global economic concerns.

Despite the pullback, TON’s recent breakout from a long-term descending channel remains a positive technical signal. Traders are closely monitoring the $4.23–$4.26 resistance band, which could come into play if the token regains strength in the sessions ahead.

Price Action Summary:

• TON saw a modest 2.05% range over the day, fluctuating by $0.065
• Strong resistance appeared between $3.24 and $3.25
• Price peaked at $3.21 before encountering aggressive selling
• Volume surged past 150,000 units during the decline
• The session ended at $3.18, with waning sell pressure suggesting temporary stabilization

While the rejection at resistance highlights short-term weakness, the broader structure hints at a potential reversal — provided bulls can reclaim key levels in the near term.