Toncoin (TON) Shows Volatility as Bulls and Bears Clash at Key Support Levels

Toncoin (TON), the cryptocurrency affiliated with Telegram, displayed significant price volatility, shifting from bearish to bullish trends within a single trading session. The asset established critical support at $3.25 following a high-volume selloff that drove prices down 2% to $3.26. Trading volume during the downturn surged to nearly triple the average hourly level.

Technical indicators reveal a tug-of-war between bulls and bears at pivotal price points. The $3.22-$3.25 range has emerged as a crucial support zone, while resistance stiffens around $3.34. Market sentiment appears divided as the 4-hour moving average continues its downward trend, contrasting with short-term reversal signals.

This price action unfolds against a broader market rally, with the CoinDesk 20 Index gaining 2.5% across major digital assets. TON''s recovery from session lows suggests growing buyer interest, though sustained upward momentum remains uncertain due to persistent selling pressure NEAR $3.28.