TL;DR
- Toncoin trades near $1.49 after a 5.8% drop. Its volume jumped 49% to around $113 million, widening its underperformance versus the market.
- The sequence of lower highs remains intact, as every rebound met quick selling and confirmed that supply dominates recovery attempts.
- Volatility increased alongside volume, reflecting active rotation and position adjustments, but with no signs of accumulation or a solid demand base.
Toncoin once again showed clear weakness relative to the rest of the market. The token trades around $1.49 after a 5.8% decline over the past 24 hours, deepening its lag versus a crypto market that corrected by a smaller margin. Volume also jumped 49% to roughly $113 million, signaling intense activity but without a recovery-oriented direction.
Price action left little room for optimistic interpretations. TON lost short-term reference levels and maintained a sequence of lower highs that reflects active selling on every rebound attempt. The market tested a few partial recoveries, but supply quickly regained control. The takeaway is clear for traders: there is interest and there is flow, but not enough conviction for buying to sustain a reversal.
The trading range was wide and demanding for traders. Volatility rose at the same time as volume, a pattern typical of redistribution phases. Orders move in and out quickly, but without building a stable base. Immediate support stayed under pressure, and every bounce was used as an exit point rather than the start of a new bullish phase.
TONCOIN Needs a Strong Reaction From Buyers
The contrast with the rest of the market is evident. While other assets managed to stabilize or limit their losses, TON extended its decline. That divergence points to a token-specific factor rather than a broad-based correction. Selling pressure is not an isolated event, but a continuation of recent weeks, during which the token failed to recover.
In this particular case, the issue is not a dormant market or a lack of interest. On the contrary, participation increased sharply. However, that flow did not translate into accumulation. What is taking place is active rotation and position adjustment, not long-term positioning.
In the short term, attention remains on the price’s ability to stabilize above current levels. Without a solid response from demand, the risk of further downside extensions remains in place. Toncoin needs more than technical bounces to change the tone. It needs sustained buying, with volume backing a different structure. Until that happens, it will continue to trade under pressure with a negative bias that is hard to ignore
