Why is TON Down Today?

Toncoin (TON) has experienced a 2.4% price drop, reversing a brief rally earlier in the day. Despite showing positive market sentiment and briefly reaching a price of $2.1165 with increased trading volume, heavy selling pressure quickly erased those gains, pulling the price back to key support levels around $2.02. This $2.02 mark stands as a critical line of defense, and market participants are watching closely. If support holds, bulls may regroup around the $2.12 resistance area; however, a break below this level could signal a more significant pullback. The overall volatility and trading volume indicate ongoing interest, yet they also reflect uncertainty as Toncoin navigates competing signals from long-term holders and short-term sellers.

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