Toncoin Drops 2.4% as Post-Rally Selling Pressure Caps Gains

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Toncoin Drops 2.4% as Post-Rally Selling Pressure Caps Gains The token briefly rallied to $2.1165 on increased volume before heavy selling erased gains, pulling TON back to key support levels around $2.02. By CD Analytics , Francisco Rodrigues | Edited by Nikhilesh De Nov 12, 2025, 4:58 p.m. "TON rises to $2.11 amid institutional backing and breakout momentum." What to know : Toncoin (TON) fell 2.37% to $2.0219 over the last 24 hours, reversing earlier gains despite fresh signs of growing interest. The token briefly rallied to $2.1165 on increased volume before heavy selling erased gains, pulling TON back to key support levels around $2.02. The $2.02 level is now a key line of defense, with bulls potentially regrouping around $2.12 if support holds, or a broader pullback occurring if it breaks. TON $ 2.0433 reversed earlier gains over the last 24 hours, falling 2.37% to $2.0219 on Wednesday morning U.S. hours despite fresh signs of growing interest. The downturn followed a brief rally ahead of the U.S. public markets opening, during which TON climbed to a high of $2.1165 on increased volume and renewed market optimism, according to CoinDesk Research's technical analysis data model. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . But the market reaction didn’t hold. After the initial push higher, heavy selling erased earlier gains, pulling TON back toward key support levels around $2.02. Volume surged as the price reversed, suggesting large traders took profits near resistance while short-term holders followed. The $2.02 mark now serves as a key line of defense. If that support holds, bulls may regroup around the $2.12 resistance area. If it breaks, the recent rally may give way to a broader pullback. Volatility and trading volume remain elevated, pointing to continued interest, but also ongoing uncertainty, as TON reacts to competing signals from long-term holders and tactical sellers. Disclaimer : Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. AI Market Insights Technical Analysis TON More For You OwlTing: Stablecoin Infrastructure for the Future By CoinDesk Research Oct 16, 2025 Commissioned by OwlTing Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You Bitcoin Crafts 'Bullish Wedge For Record Highs With $100K as Crucial Support By Omkar Godbole , AI Boost 3 hours ago Bitcoin's recent price drop from $126,000 to $106,000 is forming a bullish falling wedge pattern. What to know : Bitcoin's recent price drop from $126,000 to $106,000 is forming a bullish falling wedge pattern, suggesting a potential rally. A breakout could lead to a rebound toward $126,000 and possibly new highs. Traders should monitor the $100,000 support level, as a drop below it could trigger a deeper correction. Read full story Latest Crypto News Brazil Proposes Selling Seized Bitcoin to Undercut Organized Crime Networks 9 minutes ago New Strike Force Set to Target Overseas 'Pig Butchering' as U.S. Hits Burma Operation 14 minutes ago The Protocol: Sweeping Uniswap Proposal ‘UNIfication’ 19 minutes ago Pantera-Backed Solana Company to Tokenize Its Shares With Superstate's Opening Bell 40 minutes ago Trump Nominee Mike Selig Set for CFTC Confirmation Hearing as Crypto Bill Advances 1 hour ago U.S. SEC Chief Atkins Says Clarity Coming on Crypto Tied to Investment Contracts 1 hour ago Top Stories Key Bitcoin Capitulation Metric Points to Bottoming in Price 4 hours ago U.S. SEC Chief Atkins Says Clarity Coming on Crypto Tied to Investment Contracts 1 hour ago New Strike Force Set to Target Overseas 'Pig Butchering' as U.S. Hits Burma Operation 14 minutes ago Crypto Markets Today: Privacy Tokens Shine, Majors Stall as Market Consolidates 5 hours ago Is Bitcoin Volatility Vacation Over? Chart Suggests So, Analysts Cite 3 Catalysts 8 hours ago Pooled Order Books in the Crosshairs as EU Regulators Look to Tighten MiCA Oversight 4 hours ago