TON Plunges 6% Before Staging Recovery Amid Global Tensions

TON’s recent price action reveals the complex interplay between project-specific developments and global economic factors. The token’s dramatic 24-hour range from $3.22 to $3.47 demonstrates how quickly sentiment can shift in cryptocurrency markets affected by international trade tensions. While TON found critical support at $3.22-$3.24, the pronounced bearish momentum that emerged resulted in a 6.2% decline from daily highs before a modest recovery attempt in final trading hours. Technical Analysis TON exhibited a 7.7% price range ($3.22-$3.47) over 24 hours, with an early rally followed by persistent selling pressure. Key resistance established at $3.44-$3.47 with high-volume rejections during the 14th and 15th hours. Support found at $3.22-$3.24 in later trading sessions. Bearish momentum after midnight resulted in a 6.2% decline from the day’s high. Volume patterns suggest continued downside vulnerability despite modest recovery attempts. Buyers returned to push TON above $3.27 by session’s end, suggesting renewed bullish sentiment. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy .

Source: CoinDesk