CoinDesk 2025-06-24 14:43:48

TON Up 3% After Volatile Session, Establishing New Support Level

Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin TON at lower levels, according to CoinDesk Research’s technical analysis model. The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 5.5% in the same period of time. Technical Analysis • Price experienced a 7.59% swing between $2.72 low and $2.93 high over 24 hours. • Strong buying emerged with above-average volume (4.08M), establishing support around $2.75. • Steady uptrend formed with peak of $2.93 before consolidation in $2.89-$2.91 range. • Higher lows throughout the period indicate strengthening bullish momentum. • Resistance around $2.93 remains key level for potential breakout. • Small price correction, declining 0.27% from $2.91 to $2.90. • Significant downward volatility, reaching session low of $2.89. • Sharp recovery with above-average volume (58K+), pushing prices above $2.91 briefly. • The final 15 minutes showed consolidation between $2.90-$2.90, establishing new short-term support. • $2.90 level emerging as key psychological support area. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .