TON spikes 2.7% on surge in trading activity, followed by a steep drop.

TON Token Surges Over 2.6% on Heavy Volume Before Retracing Gains

Telegram’s TON token rallied sharply on Monday, rising from $3.156 to a high of $3.24, marking a 2.66% increase fueled by elevated trading volume. The breakout above the $3.20 resistance level was supported by strong buying interest, confirming renewed momentum.

Following the surge, TON experienced a swift pullback, dropping nearly 2.7% from its peak to around $3.19 on heavy volume, signaling short-term profit-taking among traders. The token then stabilized near this support zone, suggesting consolidation before the next move.

Trading volume reached 5.46 million tokens during the peak, highlighting active market participation. The CoinDesk 20 Index also posted gains, rising 1.1% over the same period.

Overall, TON’s price action points to continued bullish sentiment tempered by healthy profit-taking, with the $3.19–$3.20 area emerging as a critical support level.