TON Pulls Back After Ecosystem-Driven Rally as Traders Eye Key Support Near $1.50
The token's price action points to fading buyer interest, with initial strong trading activity giving way to a sharp decline in participation.

What to know:
- After an early spike to $1.61 failed to hold, TON fell back to $1.53, down modestly over the ast 24 horus.
- The token's price action points to fading buyer interest, with initial strong trading activity giving way to a sharp decline in participation and low daily volume of 821,000 tokens.
- To confirm a return to upward momentum, traders are watching for support to hold near $1.495, with renewed volume above 4 million tokens, after recent updates and listings sparked a surge in trading volume.
TON moved down about 1% to $1.53 in the last 24-hour period, slipping below key resistance after an early spike failed to hold. The token had briefly climbed to $1.61 before selling pressure sent it as low as $1.49. Most of the day was spent drifting sideways, unable to recover its early momentum.
The pattern points to fading buyer interest after a short-lived breakout attempt. Initial trading activity was strong, with volume surging, but participation fell off sharply as trading progressed. Daily volume totaled just 821,000 tokens, well below the recent average, according to CoinDesk Research's technical analysis data model.
This kind of move often reflects a lack of conviction. The token briefly broke out of its consolidation range, but without follow-through, it reverted to a more subdued trading rhythm.
The early price action hinted at interest from large market players, but the absence of sustained demand raises doubts about short-term upside.
The token’s price surged earlier in the week with the launch of Confidential Compute Open Network (COCOON), a Telegram-integrated decentralized AI system, and new support for tokenized U.S. stocks and digital collectibles.
These updates, along with a listing on Bitstamp, sparked a surge in trading volume and sent the token through key resistance levels.
Traders watching for a bullish setup may now need to see support hold near $1.495, with renewed volume above 4 million tokens to confirm any return to upward momentum.
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.
あなたへの

XRP stayed trapped inside the same consolidation structure after another rejection near $1.36, with traders watching whether months of compression finally resolve into a larger move.
知っておくべきこと:
- XRP remains locked in a tightening trading range between roughly $1.30 and $1.38, with repeated failures near $1.36 reinforcing that zone as major resistance.
- Despite weak short-term momentum and a failed breakout attempt near $1.36, support around $1.30 continues to hold as larger holders show few signs of aggressive selling.











