Why Is TON Price Down Today? Toncoin Stalls Below Resistance as Sellers Block Breakout

The TON$2.1288 price failed to hold gains above $2.14 during the last 24 hours, retreating to $2.127 after a rejection at a key resistance level.

The move capped a rally to $2.154 and underscored the importance of technical factors in the absence of fresh news, according to CoinDesk Research’s technical analysis model.

Volume spiked to 3.03 million tokens in a single hour during the resistance test, an 89% jump over the session average, highlighting the intensity of the sell-off once the price neared the upper end of its recent range.

The failed breakout attempt came after a sharp push from $2.135 to $2.154, but profit-taking quickly erased those gains. TON now trades in a $0.15 band, with support forming at $2.10 and emerging demand near $2.133.

This compressed range suggests that market participants are waiting for a clear signal before committing to a direction. A strong move backed by volume could break the stalemate.

The latest price action reflects a broader pattern seen across crypto markets where technical levels appear to be defining ranges. The broader CoinDesk 20 (CD20) index rose 2.9% in the last 24 hours.

Bulls are watching for a sustained move above $2.144, which could open the door for a retest of $2.154 highs. Bears are eyeing a break below $2.133 to challenge support at $2.10.

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.