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TON Gains 4.1%, Holds Above Key Levels as Momentum Builds
The Open Network’s TON token rose 4.1% over the past 24 hours, continuing its upward trajectory with a clean breakout above resistance and holding most of its gains despite minor late-session profit-taking. The token reached a high of $3.39, up from $3.20, before easing to around $3.34, according to CoinDesk Research.
A well-defined uptrend with higher lows and highs formed, supported by a significant volume spike of 5.77M during the breakout. The $3.33 resistance level was decisively cleared, while support near $3.27 has proven durable.
Technical Snapshot:
- 6.03% range between the day’s low and high, with profit-taking trimming gains slightly.
- A V-shaped recovery earlier in the day helped establish bullish structure.
- Final trading hours showed tight consolidation between $3.34–$3.35 on declining volume, indicating a pause rather than reversal.
Meanwhile, the broader CoinDesk 20 Index climbed 3.7%, reflecting strong sentiment across digital assets. With key support levels intact and price stabilizing after the surge, TON remains positioned for potential further upside should volume re-enter the market.
