$TON has fallen below the critical $3.00 psychological support level, dropping 7.55% from $3.18 to $2.94 in the past 24 hours.

Despite recent struggles, TON showed signs of recovery with a V-shaped reversal pattern, gaining 1.4% in the last hour from $2.89 to $2.93.

Telegram co-founder Pavel Durov recently made headlines by refusing French intelligence requests to censor content related to Romanian elections, potentially impacting TON's ecosystem.

Global economic tensions and shifting trade policies continue to create volatility across cryptocurrency markets, with TON experiencing significant downward pressure.

The token's recent price action has formed a descending channel with consecutive lower highs and lows, breaking below key support levels on high trading volume.