Toncoin Drops Below Key Support as Chart Turns Bearish

Toncoin (TON) extended its pullback Tuesday, sliding past key support at $3.16 after failing to hold recent highs. The breakdown follows a failed breakout above $3.22, which triggered increased sell pressure and capped upside momentum.

Technical indicators are now flashing red. A double-top pattern formed near $3.18, and volume surged as prices dropped, confirming bearish sentiment. The move also broke TON’s short-term uptrend, with lower highs and lower lows now defining its structure.

According to CoinDesk Research, the hourly swing range of 1.2% highlights elevated volatility, with the price now hovering in a vulnerable zone.

While the broader CoinDesk 20 Index traded sideways, TON’s sharp reversal stood out, underscoring asset-specific weakness rather than sector-wide pressure.

Traders are now eyeing the $3.10–$3.12 zone as immediate support. A close below that could open the door to further downside, while a bounce above $3.18 would be needed to reset bullish momentum.

Until then, the bias remains tilted toward sellers — and any rally attempts may face stiff resistance.