Toncoin

among cryptocurrencies that saw significant price volatility amid the tussle between President Trump and Elon Musk on the state of the U.S. economy.

The TON token saw a sharp 7.7% correction on June 5th, according to CoinDesk Research’s technical analysis model. After dropping from $3.25 to $3.00, the asset found “strong support” at the psychologically important $3.00 level, where high trading volume indicated substantial buyer interest, the model showed.

Recent price action shows TON forming a potential support zone between $3.164-$3.168, with buyers consistently stepping in during minor pullbacks. The hourly volume profile indicates sustained buying interest despite previous volatility.

The move comes as the CoinDesk 20 (an…