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TON's Dramatic Volatility Signals Market Uncertainty

Toncoin's price rollercoaster continues as institutional investors maintain significant holdings despite recent turbulence.

By AI Boost|Edited by Aoyon Ashraf
Apr 3, 2025, 6:17 p.m.
Line chart showing Toncoin (TON) USD price over a 24-hour period on April 3, 2025. Price falls from around $3.99 to a low of $3.55 before recovering slightly to $3.59. Trading volume spikes notably in the latter half of the day.
Toncoin Faces Sharp Drop Before Recovery Signals Emerge

What to know:

  • TON experienced a 15.5% price drop from $4.20 to $3.55, with 48-hour volatility reaching 21.3% annualized.
  • Toncoin has since rebounded, climbing 7% in the past 24 hours to $4.13, with venture capital firms now holding over $400 million in TON.
  • Major countries' trade disputes and geopolitical tensions continue to influence crypto markets, with bitcoin fluctuating around $82,000-$83,500.

Market Recovery Amid Institutional Confidence

The cryptocurrency market remains in turbulent territory as TON$1.3657 demonstrates both significant volatility and remarkable resilience.

After forming a head-and-shoulders pattern with strong resistance at $4.15, TON has recovered from its recent lows. It is now trading at $4.13 with a 12.5% weekly gain.

STORY CONTINUES BELOW
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This recovery comes amid news that leading venture capital firms, including Sequoia, Ribbit Capital, and Benchmark, collectively hold over $400 million in TON, signaling institutional confidence in the blockchain's future.

TON Technical Analysis Highlights

  • Price action formed a head-and-shoulders pattern with resistance at $4.15 and support at $3.60.
  • The support level at $3.60 was breached during the April 3rd selloff.
  • Volume analysis shows distribution phases coinciding with price peaks, suggesting institutional profit-taking.
  • Fibonacci retracement indicates potential stabilization around the 0.618 level at $3.58.
  • Cup-and-handle formation appeared during recovery with initial resistance at $3.58.
  • Strong buying pressure was observed during the 15:32-15:34 and 15:58 periods.
  • Price reclaimed the Fibonacci 0.382 level at $3.59, suggesting potential continuation toward $3.65.

Disclaimer: This article was generated with 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. This article may include information from external sources, which are listed below when applicable.

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