TON Slips 3.3% to $1.59 as Broader Crypto Market Weakens

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email TON Slips 3.3% to $1.59 as Broader Crypto Market Weakens The token is consolidating below resistance at $1.65, with support forming above $1.59, and traders are watching for a breakout above $1.70 to regain momentum. By CD Analytics , Francisco Rodrigues | Edited by Jamie Crawley Dec 11, 2025, 4:58 p.m. "TON edges up 1.29% to $1.60 with rising volume amid cautious market sentiment." What to know : TON dropped 3.3% to $1.596, retreating alongside the broader crypto market, despite a 20% surge in trading volume suggesting growing institutional interest. The token is consolidating below resistance at $1.65, with support forming above $1.59, and traders are watching for a breakout above $1.70 to regain bullish momentum. TON's fundamentals, including rising onchain revenue and wallet adoption, are positive, but short-term market pressure and uncertainty are currently weighing on the token's price. TON $ 1.6070 dropped 3.3% over the past 24 hours to $1.596, retreating alongside the broader crypto market even as trading volume and ecosystem expansion suggest growing institutional interest. The token climbed to $1.6929, then lost steam through the day before finding support near $1.5930, 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 . The decline came despite a 20% surge in trading volume over the seven-day average, often a sign of accumulation behind the scenes. However, price action lagged, with TON struggling to break above the $1.65 level. This volume-price mismatch may reflect patient buying from institutions rather than retail-driven momentum. Messaging platform Telegram — which uses the TON ecosystem as the backbone of its Web3 infrastructure — has officially introduce its crypto wallet service in Uzbekistan. Following regulatory approval, residents there can now use locally issued bank cards to buy and trade crypto through Telegram, providing TON with a new foothold in Central Asia although the wallet’s launch doesn’t necessarily translated to demand for the cryptocurrency. Technically, the outlook remains mixed. TON is consolidating below resistance at $1.65, with support forming just above $1.59. Traders are watching for a breakout above the $1.70 zone to regain bullish momentum, while failure to hold the current level could open a path toward $1.55 or lower. For now, the token’s fundamentals, rising onchain revenue and wallet adoption, are battling against short-term market pressure and uncertainty surrounding the future direction of the crypto space as a whole. 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 More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. 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