Toncoin (TON) Price Drops to Key $2.07 Support Level as Selling Pressure Builds
CoinDesk
Toncoin (TON) fell 2% to $2.07, breaking previous support and indicating continued selling pressure amid high trading volume.Summary
Toncoin (TON) price extended a week-long slide, dropping 2% over the past 24 hours to test the key $2.07 support level after briefly rising to $2.16, where high trading volume signaled strong resistance. The token subsequently slipped below the $2.10 level, hitting a low of $2.067 on surging volume, which reinforced the shift in market structure. Traders are now monitoring the $2.05 level as the next potential support; a break below this point could continue the downtrend. For any recovery, TON must reclaim and hold above $2.10, with $2.16 remaining a critical resistance point.
(Source：CoinDesk)