TON Finds Key Support Amid Volatile Trading as Global Tensions Influence Price Action
TON’s price movement over the past 24 hours highlights the intricate balance between project-specific factors and broader international economic pressures. The token fluctuated sharply within a range of $3.22 to $3.47, reflecting rapid shifts in market sentiment driven by escalating global trade tensions.
Critical support was established in the $3.22-$3.24 zone, which helped limit further declines. Despite this, bearish momentum dominated after reaching daily highs, causing a 6.2% drop before buyers stepped back in during the latter part of the trading session, sparking a modest recovery.
Technical Overview:
- TON experienced a 7.7% price range within 24 hours, moving between $3.22 and $3.47.
- Early gains faced strong resistance near $3.44-$3.47, with high-volume sell-offs observed during the 14th and 15th trading hours.
- Support held firm at $3.22-$3.24 later in the session, preventing a deeper slide.
- The post-midnight bearish wave drove a 6.2% fall from the day’s peak.
- Volume trends point to ongoing downside risk despite attempts at recovery.
- By the close of trading, buying pressure pushed TON back above $3.27, signaling a potential shift toward renewed bullishness.
