TON Token Establishes Support at $3.00 After 7.7% Price Correction
Toncoin (TON) experienced notable price volatility amid discussions involving President Trump and Elon Musk regarding the U.S. economy.
Key points include:
- TON corrected 7.7% from $3.25 to $3.00, with peak trading volume exceeding 10 million units during this period.
- Strong support established at the $3.00 level, indicating significant buyer interest.
- The token recovered 5.6% over 18 hours, reaching $3.17.
- Resistance levels were identified at $3.11 and $3.15, which briefly impeded upward momentum.
- A recent surge of 2.5% occurred from $3.14 to $3.17 within an hour.
- A volume spike helped break key resistance at $3.15.
- A support zone has formed between $3.16 and $3.18, showing consistent buying activity during pullbacks.
- Profit-taking was noted at $3.17, followed by a higher low at $3.16, suggesting a continued bullish trend.
The CoinDesk 20 index is down 0.8% in the last 24 hours.