Why Is TON Price Down Today? Toncoin Stalls Below Resistance as Sellers Block Breakout
CoinDesk
Toncoin's price retreated after failing to break key resistance at $2.14, leading to a stall in a tight trading range.Summary
The price of TON (Toncoin) failed to sustain gains above $2.14, falling back to $2.127 after being rejected at the $2.154 resistance level. This move, which occurred without fresh news, was accompanied by an 89% spike in hourly trading volume, indicating intense selling pressure at the upper range limit. Currently, TON is trading within a narrow $0.15 band, with support near $2.10 and emerging demand around $2.133, suggesting market participants await a high-volume signal for direction. Bulls are targeting a sustained move above $2.144 to retest $2.154, while bears look for a break below $2.133 to challenge the $2.10 support level.
(Source：CoinDesk)