crypto-economy.com
TL;DR
- Toncoin trades near $1.49 after a 5.8% drop. Its volume jumped 49% to around $113 million, widening its underperformance versus the market.
- The sequence of lower highs remains intact, as every rebound met quick selling and confirmed that supply dominates recovery attempts.
- Volatility increased alongside volume, reflecting active rotation and position adjustments, but with no signs of accumulation or a solid demand base.
Toncoin once again showed clear weakness relative to the rest of the market. The token trades around $1.49 after a 5.8% decline over the past 24 hours, deepening its lag versus a crypto market that corrected by a smaller margin. Volume also jumped 49% to roughly $113 million, signaling intense activity but without a recovery-oriented direction.
Price action left little room for optimistic interpretations. $TON lost short-term reference levels and maintained a sequence of lower highs that reflects active selling on every rebound attempt. The market tested a few partial recoveries, but supply quickly regained control. The takeaway is clear for traders: there is interest and there is flow, but not enough conviction for buying to sustain a reversal.
The trading range was wide and demanding for traders. Volatility rose at the same time as volume, a pattern typical of redistribution phases. Orders move in and out quickly, but without building a stable base. Immediate support stayed under pressure, and every bounce was used as an exit point rather than the start of a new bullish phase.
TONCOIN Needs a Strong Reaction From Buyers
The contrast with the rest of the market is evident. While other assets managed to stabilize or limit their losses, $TON extended its decline. That divergence points to a token-specific factor rather than a broad-based correction. Selling pressure is not an isolated event, but a continuation of recent weeks, during which the token failed to recover.
In this particular case, the issue is not a dormant market or a lack of interest. On the contrary, participation increased sharply. However, that flow did not translate into accumulation. What is taking place is active rotation and position adjustment, not long-term positioning.
In the short term, attention remains on the price’s ability to stabilize above current levels. Without a solid response from demand, the risk of further downside extensions remains in place. Toncoin needs more than technical bounces to change the tone. It needs sustained buying, with volume backing a different structure. Until that happens, it will continue to trade under pressure with a negative bias that is hard to ignore