Toncoin Falls to Key $2.07 Support Amid Rising Selling Pressure – 11/11/2025

Toncoin (TON) slipped 2% to $2.07 over the past 24 hours, extending a week-long downtrend characterized by lower highs and sustained selling.

The token briefly climbed toward $2.16 before reversing, with the move recording the highest trading volume of the period—3.61 million TON exchanged—signaling strong resistance, according to CoinDesk Research’s technical analysis model. After holding around $2.10 for several sessions, TON broke below that level, hitting a low of $2.067. Volume surged during the breakdown, confirming a shift in market structure.

Traders are now eyeing $2.05 as the next support level. If it breaks with significant volume, the downtrend could continue. Momentum indicators point to ongoing weakness, though TON’s decline has been more contained compared to larger altcoins.

For any meaningful recovery, TON would need to reclaim $2.10 and hold above it, with $2.16 remaining a key resistance level.