Toncoin (TON) Defies Market Turbulence, Holds Critical $1.75 Support Zone

Toncoin (TON) is currently trading at $1.79, marking a 2.62% gain over the last 24 hours. Trading volume has surged 34.66% to $120.64 million, signaling heightened activity. Despite a 4.37% weekly dip, analysts emphasize that maintaining stability above the $1.75 demand zone is crucial for sustaining near-term bullish momentum.

Prominent crypto analyst Tani Das points to TON's resilience following a recent trendline breakout. He notes that significant liquidity clusters below $1.75 could act as a "bounce magnet," attracting buyers on any deeper pullback. The current price retracement is viewed as a corrective MOVE within a larger uptrend, not a structural breakdown, leaving the overall upside potential intact.

Further liquidity concentrations are identified between $1.85 and $1.95, suggesting strong buyer interest may emerge at higher price levels. Market participants interpret the current consolidation phase as preparation for the next leg upward, rather than a sign of an impending trend reversal.