TON Slips as Selling Pressure Mounts Despite Recovery Attempts

Critical support zone established around $3.15-$3.16, confirmed by above-average trading volume.

The steepest price drop occurred in a 4.67% intraday decline on exceptionally high volume (3.65 million), signaling strong selling pressure.

Resistance forming at $3.24, though the overall trend remains bearish with lower highs established throughout the period.

Recovery pattern observed in the last hour, climbing from $3.19 to $3.20, representing a 0.4% gain.

Sharp sell-off saw price drop to $3.18, before quickly finding support and initiating a strong upward trajectory.

New resistance level established at $3.21, with subsequent profit-taking pushing prices back to the $3.20 range where consolidation is occurring.

$TON