TON Slides as Yearly Losses Near 72%, but Potential Reversal Signs Emerge
CoinDesk
TON token dropped nearly 72% annually, but found support at $1.6025 and shows signs of a potential momentum reversal.Summary
The TON token experienced a recent 2% slide to $1.625, contributing to a near 72% decline over the past twelve months, following a failed breakout attempt near $1.668. This downturn was accompanied by a 43% spike in trading volume, which coincided with a breakdown below key support levels. However, the price stabilized after finding firm support at $1.6025, where selling pressure subsided. Recent trading indicates a potential shift as the price climbed back above $1.620 on rising volume, forming an ascending pattern of higher lows. TON is now at a critical juncture: breaking past $1.635 could confirm a reversal, while falling below $1.602 would reintroduce downside risk.
(Source：CoinDesk)