Toncoin Falls, Extending Slide as Broader Crypto Market Drops
TON’s price slipped 3.4% over the past 24 hours, falling to $1.5567 and widening its performance gap with broader crypto markets.
The broader market, as measured via the CoinDesk 20 (CD20) index, fell 1.8% in the same period. TON’s retreat points to continued selling pressure specific to the token.
The token staged a few brief recoveries, but ultimately extended its sequence of lower highs. This consistent downward movement suggests sellers are staying active even as market conditions improve elsewhere.
The trading range spanned from a high of $1.6144 to a low of $1.5449, a nearly 4.3% swing, highlighting the volatility behind the decline according to CoinDesk Research’s technical analysis data model.
Volume topped 640,000 tokens, with…
