TON Cryptocurrency Faces Resistance at $2.16, Support at $2.05

TON Cryptocurrency Faces Downward Pressure, Key Support Level at $2.05The digital currency TON, also known as Toncoin, experienced a two percent drop over the last twenty-four hours, continuing a week-long trend of lower highs and steady selling pressure. Despite briefly reaching $2.16, TON fell back down, with a significant increase in trading volume suggesting a strong resistance level. The coin slipped below the $2.10 mark, reaching a low of $2.067, and traders are now closely watching the $2.05 level as the next crucial support point. Momentum indicators indicate ongoing weakness, but TONs decline has been less severe compared to other major alternative cryptocurrencies. For a recovery, TON would need to reclaim the $2.10 level and maintain its position above it, with $2.16 still acting as a key resistance point.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.