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BTCC / BTCC Square / Global Cryptocurrency /
Toncoin (TON) Drops 8% as Key $3.00 Support Fails Amid Market Turbulence

Toncoin (TON) Drops 8% as Key $3.00 Support Fails Amid Market Turbulence

Author:
Global Cryptocurrency
Published:
2025-05-19 15:18:15
11
1
[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -

Toncoin (TON), the cryptocurrency affiliated with Telegram, dropped 8% after losing critical psychological support at $3.00, mirroring broader market volatility. The token’s price action has formed a descending channel with consecutive lower highs and lows, indicating persistent bearish momentum.

Trading volume spiked to 3.96 million during the breakdown, highlighting strong selling pressure. Investors appear to be shifting toward alternative blockchain projects as macroeconomic uncertainties continue. Analysts suggest TON could rebound if it establishes a new support level at current prices.

|Square

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