TON Finds ‘Strong Support’ at $3.00 Level Amid Wild Crypto Price Swings
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…
