TON dropped 7% over the past 24 hours to trade at $2.11, as the cryptocurrency failed to push past a key resistance level that traders say could determine its next big move. The $2.25 mark has emerged as a critical battleground for the token.
The $2.25 barrier
That price point has become the line in the sand. A breakout above $2.25 could send TON toward $2.40, a level not seen in weeks. But if the resistance holds, the token risks sliding to support at $1.91 — a drop of roughly 9% from current levels.
The sell-off came without a clear catalyst. Market participants pointed to broader crypto weakness and profit-taking after a recent rally that brought TON close to the $2.25 ceiling. Volume picked up during the decline, suggesting sellers were eager to exit.
What the move means for holders
For investors who bought near the recent highs near $2.20, the retreat to $2.11 represents a paper loss of about 4%. Those who entered closer to support at $1.91 are still in profit but watching the price action closely. A failure to reclaim $2.11 as support could accelerate selling.
The $1.91 level has held twice before in the past month, acting as a floor. If it breaks, the next major support isn't clearly defined in current trading data.
The next test
Traders now watch for a close above $2.25 on higher volume to confirm a breakout. Without that, the probability of a retest of $1.91 increases. No announcements from the TON Foundation or major exchange listings have emerged to explain the move.
The coming sessions will likely determine whether TON can build on its earlier gains or enters a deeper correction. The $2.25 resistance remains the key level to break — or defend.
