Toncoin just hit a wall and bounced hard. After getting rejected multiple times at $3.16, TON finally cracked below the critical $2.90 support that everyone was watching. Now sitting at $2.82 with an ugly 7.90% drop, the bears have clearly taken control. The question is whether bulls can mount a defense at $3, or if we're headed for an even deeper dive.
Key Levels Every Trader Should Watch
Immediate resistance: $3.00 and $3.16
Current price: $2.82 (–7.90%)
Support zone: $2.60–$2.70 (weak low from the charts)
What's Driving This Selloff
This isn't happening in a vacuum. The broader market's getting shaky as macro uncertainty creeps back in, and traders are dumping their risk-on positions. Sure, TON had some solid adoption news earlier this year, but right now the technicals are screaming that sellers are calling the shots. When support breaks this cleanly, it usually means more pain is coming.
Bulls need to step up and reclaim $3.00 if they want any shot at turning this around. Without that recovery, sellers are likely to push TON down toward $2.60 where we might finally see some fresh buying interest. It's do-or-die time for anyone holding TON - either the cavalry arrives at $3, or it's going to be a bumpy ride down.
TON Crashes Below $2.90 as Bears Take the Wheel
Toncoin just hit a wall and bounced hard. After getting rejected multiple times at $3.16, TON finally cracked below the critical $2.90 support that everyone was watching. Now sitting at $2.82 with an ugly 7.90% drop, the bears have clearly taken control. The question is whether bulls can mount a defense at $3, or if we're headed for an even deeper dive.
Key Levels Every Trader Should Watch
What's Driving This Selloff
This isn't happening in a vacuum. The broader market's getting shaky as macro uncertainty creeps back in, and traders are dumping their risk-on positions. Sure, TON had some solid adoption news earlier this year, but right now the technicals are screaming that sellers are calling the shots. When support breaks this cleanly, it usually means more pain is coming.
Bulls need to step up and reclaim $3.00 if they want any shot at turning this around. Without that recovery, sellers are likely to push TON down toward $2.60 where we might finally see some fresh buying interest. It's do-or-die time for anyone holding TON - either the cavalry arrives at $3, or it's going to be a bumpy ride down.