Toncoin (TON) Shows Resilience Amid Market Volatility Triggered by Trump-Musk Economic Feud

Toncoin (TON) has demonstrated strong resilience during heightened market volatility caused by escalating tensions between former President Donald Trump and Elon Musk regarding U.S. economic policy. The cryptocurrency initially dropped 7.7% on June 5, falling from $3.25 to $3.00, but quickly rebounded.

Technical analysis indicates solid support at the $3.00 psychological level, where significant buying interest emerged. The subsequent recovery saw TON surge 5.6% within 18 hours, reaching $3.17. A notable 2.5% jump occurred in a single hour, supported by a volume spike that broke through key resistance at $3.15.

Market dynamics now suggest a new support zone between $3.16 and $3.18, with buyers consistently stepping in during minor pullbacks. While profit-taking occurred NEAR $3.17, the formation of higher lows points to sustained bullish momentum.

Toncoin's performance contrasts with the broader crypto market, where the CoinDesk 20 Index declined 0.8% during the same period. The token's volume-backed recovery and strong buyer engagement have positioned it as a standout among altcoins affected by macroeconomic uncertainties.