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TON Up 3% After Volatile Session, Establishing New Support Level
TON has shown resilience with strong buying volume at the $2.75 support zone.
Jun 24, 2025, 2:43 p.m.
What to know:
- Toncoin experienced a 7.59% price swing, with strong buying at lower levels establishing support around $2.75.
- The coin rose 3% in 24 hours, underperforming the CoinDesk 20 index, which increased by 5.5%.
- Resistance at $2.93 remains a key level for a potential breakout, with $2.90 emerging as a psychological support area.
Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin at lower levels, according to CoinDesk Research’s technical analysis model.
The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 5.5% in the same period of time.
STORY CONTINUES BELOW
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Technical Analysis
• Price experienced a 7.59% swing between $2.72 low and $2.93 high over 24 hours.
• Strong buying emerged with above-average volume (4.08M), establishing support around $2.75.
• Steady uptrend formed with peak of $2.93 before consolidation in $2.89-$2.91 range.
• Higher lows throughout the period indicate strengthening bullish momentum.
• Resistance around $2.93 remains key level for potential breakout.
• Small price correction, declining 0.27% from $2.91 to $2.90.
• Significant downward volatility, reaching session low of $2.89.
• Sharp recovery with above-average volume (58K+), pushing prices above $2.91 briefly.
• The final 15 minutes showed consolidation between $2.90-$2.90, establishing new short-term support.
• $2.90 level emerging as key psychological support area.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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