TON Token Gains, But Trading Volume Drops

TON, or Toncoin, experienced a modest one point six percent gain over the past twenty-four hours, reaching one dollar and sixty-four cents, slightly less than the overall crypto markets three percent increase. Despite a seven percent drop in trading volume, TON maintained its price above one dollar and sixty cents. The tokens price fluctuated within a five percent range, with brief moments of higher activity, but lacked strong buyer support for further price increases. Technical analysis indicates a slow period of price base building around one dollar and sixty-one cents and one dollar and sixty-three cents. TON is likely to stay within its current range, between support at one dollar and sixty cents and resistance near one dollar and sixty-nine cents. Recent price boosts were due to Cocoon and ston dot fi DAO launches, but traders are now watching the Federal Reserves announcement for potential market impact.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.