Despite Market Whiplash, TON Stabilizes at Key $3.00 Support Zone

Toncoin Regains Momentum After Testing $3.00 Support Amid Broader Market Volatility

Toncoin (TON) weathered a steep decline this week but quickly stabilized, reclaiming key price levels as traders responded to technical support and rising volume.

On June 5, TON dropped sharply from $3.25 to $3.00, a 7.7% correction coinciding with a spike in trading volume exceeding 10 million tokens, signaling strong accumulation interest at the round-number support.

The token swiftly rebounded to $3.17, posting a 5.6% recovery within 18 hours. Along the way, TON broke through intraday resistance at $3.11 and $3.15, with a brief consolidation before a fresh push higher.

A short-term profit-taking phase saw prices ease to $3.16, forming a higher low and setting up a new local support zone between $3.16 and $3.18. Hourly charts now suggest a tightening price range and sustained bullish structure, supported by strong participation on green candles.

Key Takeaways:

Support Held: $3.00 proved to be a robust floor on heavy volume.
Recovery Path: TON surged back to $3.17, breaking multiple resistances.
Momentum Shift: Bullish continuation confirmed by a 2.5% intraday breakout.
Current Bias: Neutral-to-bullish, with key levels at $3.16 (support) and $3.20 (resistance).
Market Context: TON outperformed broader market weakness; CoinDesk 20 Index fell 0.8%.

Toncoin’s price action reflects growing confidence from traders and long-term holders alike. With the token bouncing decisively off a psychologically important level and technicals turning favorable, TON could be positioning for a breakout—provided broader market sentiment stabilizes.