Toncoin (TON), the native token of the Telegram ecosystem, is exhibiting notable resilience on lower timeframes even as broader crypto markets face selling pressure. TON posted a 3% intraday gain, supported by high trading volume and strong technical support levels, according to CoinDesk Research’s technical analysis model.
Despite late-session volatility, Toncoin has maintained support in the $3.17–$3.18 range after reaching a session high of $3.25. This upward move contrasts with the CoinDesk 20 Index — a benchmark for the top 20 cryptocurrencies excluding memecoins, stablecoins, and exchange tokens — which has declined 1.7% over the same 24-hour period.
Technical Breakdown
- TON rallied from $3.16 to an intraday high of $3.25, registering a 3% gain within a $0.095 trading range.
- Volume surged to over 6.6 million, nearly three times the 24-hour average, establishing volume-backed resistance at $3.25.
- Price action remained bullish above $3.22, with the $3.17–$3.18 zone holding as key intraday support despite increased volatility.
- A sharp 1.01% pullback occurred late in the session, dropping from $3.25 to $3.22, highlighting strong overhead resistance.
- A short-term bottom was recorded at $3.215, followed by a modest recovery to $3.222, suggesting potential for continued consolidation.
With TON decoupling from the broader market’s downturn, traders are closely watching the $3.25 resistance level. A sustained move above this zone, backed by volume, could signal the beginning of a broader bullish reversal.
