The Telegram-affiliated cryptocurrency TON-USD struggled to build upward momentum after testing the critical $3.24 resistance level, ultimately settling at $3.18 as selling pressure intensified.
The broader crypto market remains volatile against a backdrop of mounting global economic uncertainty. TON attempted to rally but met stiff resistance at the $3.24–$3.25 zone, triggering a wave of profit-taking and above-average trading volumes.
Despite this pullback, TON recently broke out of a prolonged descending channel, suggesting a potential shift in trend. Market participants are now eyeing the next major resistance in the $4.23–$4.26 range as a possible bullish target.
Technical Highlights:
- TON traded within a 24-hour range of $0.065, or 2.05%.
- The $3.24–$3.25 region emerged as a strong resistance zone.
- Prices peaked at $3.21 before reversing sharply.
- Trading volume exceeded 150,000 units during the sell-off.
- The session closed at $3.18, with declining volume pointing to waning selling pressure.
TON’s price action suggests consolidation in the near term, but the recent breakout may keep bullish hopes alive if resistance levels are retested with stronger conviction.
