TON Extends Decline, Drops More Than Broader Crypto Market
TON price fell 3.4% to $1.5567 over the past 24 hours, underperforming the broader crypto market, which declined 1.8%. The trading range spanned from a high of $1.6144 to a low of $1.5449, representing approximately a 4.3% swing. Volume exceeded 640,000 TON tokens with spikes on both sell-offs and rebounds, indicating trader repositioning and uncertainty rather than a fixed directional bet.
Technical signs are mixed, showing brief support near $1.5449 but failures to sustain recoveries; downside pressure remains. The token extended a sequence of lower highs, signaling persistent selling pressure. TON's weakness contributes to a broader underperformance pattern versus the market, with the CD20 index down 1.8% in the same period. Market participants are watching for signs of stabilization or deeper rotation away from TON. There were brief recoveries, but selling resumed, suggesting incomplete near-term momentum.
