$TON Consolidating Near 24-Hour Lows After Continuous Slide

​The price of The Open Network token ($TON) is currently trading at $1.8992, representing a noticeable intraday correction of -8.54%. On the 1-hour chart, the asset has experienced a steady download cascade from its structure peak, pushing price action down to key lower support boundaries.

​Long $TON
​Entry Zone: $1.8700 – $1.9100
​Stop Loss (SL): $1.8200
​Target 1 (TP1): $1.9800
​Target 2 (TP2): $2.0400
​Target 3 (TP3): $2.1000

​Market Analysis
​$TON has spent consecutive sessions under structural distribution, tracking a descending sequence of candles since slipping away from its local high of $2.1150. The breakdown has driven the asset straight into its near-term support floor, hovering tightly above the 24-hour low of $1.8620. Because the short-term indicators are heavily stretched to the downside, the current base acts as a logical technical pivot where sellers might pause to lock in profits, setting up a potential oversold bounce.

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