Toncoin (TON) Price Drops to Key $2.07 Support Level as Selling Pressure Builds

TON$2.0710 slipped 2% to $2.07 in the past 24 hours, extending a week-long slide marked by lower highs and consistent selling.

The TON price briefly pushed up toward $2.16 before reversing. That level saw the highest trading volume of the period, with 3.61 million tokens exchanged in the move, indicating strong resistance, according to CoinDesk Research’s technical analysis data model

After holding $2.1 through several previous sessions, TON slipped below that level, hitting a low of $2.067. Volume surged again during the breakdown, reinforcing the shift in market structure.

Traders are now watching the $2.05 level as the next line of defense. If it breaks with volume, the downtrend may continue. Momentum indicators are pointing toward weakness, though the decline has been more contained compared to larger altcoins.

For now, any recovery attempt would likely need to reclaim $2.1 and hold above it, with $2.16 remaining a key resistance point.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.