Toncoin (TON) Consolidates in Symmetrical Triangle Amid Market Correction
Toncoin (TON) experienced a 4% price decline over the past 24 hours, currently trading at $3.09 as the altcoin market cools down. The TON network’s DeFi ecosystem continues to grow, supported by Telegram’s strong community engagement.
Market liquidations totaled $357 million as bullish momentum faded. TON’s fully diluted valuation now sits at $15.8 billion with $229 million in daily trading volume. Technical analysis shows the cryptocurrency has been consolidating within a symmetrical triangle pattern since December 2024.