Toncoin drops, falls through key support levels in technical breakdown

2026-01-09 14:20:10

Source: CryptoNewsNet Original Title: Toncoin drops, falls through key support levels in technical breakdown Original Link: https://cryptonews.net/news/analytics/32251778/ TON fell over 4% in 24 hours, dropping to $1.76 as selling pressure outweighed gains in the broader market.

The decline stands in contrast to the CoinDesk 20 (CD20) index, which rose 0.5% in the same period. TON briefly rose to a high of $1.89 before reversing course.

The price broke below key support levels at $1.79 and $1.78, signaling a bearish shift, according to technical analysis data. The selloff was accompanied by a spike in volume, especially during the break below $1.79, pointing to likely large-holder or institutional activity.

At its lowest point, the price of TON touched $1.757, forming a descending channel that defined the day’s structure.

Volume in the period was above the seven-day average, with 2.14 million TON traded, suggesting that the move was more than routine fluctuation.

TON-3,2%

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