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Toncoin (TON) Faces Key Resistance at $3.24 Amid Market Turbulence
Toncoin (TON) Faces Key Resistance at $3.24 Amid Market Turbulence
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Telegram-affiliated cryptocurrency Toncoin (TON) faced difficulty sustaining momentum above the $3.24 resistance level, settling at $3.18 amid significant selling pressure. The token’s price action mirrors broader market volatility as global economic tensions rise.
Despite failing to break through the $3.24-$3.25 zone, TON has exited a descending channel pattern, potentially indicating an end to its extended downtrend. The next major resistance lies between $4.23 and $4.26.
Trading volumes surged above 150,000 units during the sell-off before tapering off, suggesting temporary exhaustion of downward pressure. The 24-hour price range showed a 2.05% fluctuation, peaking initially at $3.21 before the sharp reversal.
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