Ton is at a technical crossroads with signs of a potential reversal emerging after significant yearly losses. while strong support has been found, a definitive breakout is not yet confirmed, creating uncertainty but also opportunity.
The analysis is from coindesk, a reputable source, and is based on detailed technical analysis, volume data, and identified key price levels.
While there are 'potential reversal signs' and an 'ascending pattern of higher lows' with rising volume, the price is still at a crucial technical crossroads. a push above $1.635 is needed to confirm a bullish reversal, while a drop below $1.602 could reopen downside risk.
The analysis focuses on immediate price levels ($1.635, $1.602) and recent trading patterns over 'the last few hours,' indicating a focus on short-term price action.
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email TON Token Yearly Loss Nears 72%, but Potential Reversal Signs Emerge The token's price found support at $1.6025, which held firm despite initial selling pressure, and has since shown signs of a potential reversal. By CD Analytics , Francisco Rodrigues | Edited by Stephen Alpher Dec 9, 2025, 2:49 p.m. "Toncoin falls 1.8% to $1.6252 amid rising selling pressure and increased institutional volume in Asian markets." What to know : Toncoin (TON) fell 2% to $1.625, extending decline to 72% over the past 12 months. The token's price found support at $1.6025, which held firm despite initial selling pressure, and has since shown signs of a potential reversal with rising volume and an ascending pattern. TON's price is now at a technical crossroads, with a push past $1.635 potentially confirming a trend reversal, while a drop below $1.602 could reopen downside risk. TON $ 1.6167 lost ground over the past 24 hours, sliding more than2% to $1.625 as selling pressure drove the token down to now post a near 72% decline over the past 12 months. The move came amid a failed breakout near $1.668, with the downturn carving out a clear downtrend pattern of lower highs and lows across a narrow range. 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 . Trading volume during the selloff spiked to 3.02 million TON, a 43% increase above the daily average, according to CoinDesk Research's technical analysis data model. That surge in activitycoincided with a breakdown below key support levels, further dampening sentiment. However, TON’s price action found a floor at $1.6025. Multiple retests of that support held firm while volume tapered off, indicating that aggressive selling had cooled. More notably, the last few hours of trading saw a potential shift in momentum. Price climbed back above $1.620 on rising volume, forming an ascending pattern of higher lows that often points to systematic buying. TON now sits at a technical crossroads. A push past $1.635 could confirm the reversal, while a drop below $1.602 would reopen downside risk. Traders watching the $1.620 pivot will likely treat it as a deciding level for whether this bounce becomes a broader trend change. 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. 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