Toncoin Tests $2.07 Support Amid Selling Pressure – 11/11/2025
Toncoin (TON) fell 2% to $2.07 in the past 24 hours, continuing a week-long downtrend characterized by lower highs and persistent selling.
The token briefly rose to $2.16 before reversing, with 3.61 million TON traded at that level, signaling strong resistance, according to CoinDesk Research. After holding near $2.10, TON dropped to $2.067, with volume surging during the decline.
Traders are now watching $2.05 as the next key support. A breach could extend the downtrend, while recovery would require reclaiming $2.10 and testing $2.16. Momentum indicators suggest ongoing near-term weakness, though TON’s decline has been less severe than larger altcoins.
