BTC
$105,530.30
+
3.93%
ETH
$2,431.76
+
6.99%
USDT
$1.0004
–
0.03%
XRP
$2.1915
+
8.35%
BNB
$640.88
+
3.10%
SOL
$145.30
+
7.87%
USDC
$0.9998
–
0.04%
TRX
$0.2728
+
0.33%
DOGE
$0.1642
+
6.75%
ADA
$0.5866
+
7.10%
HYPE
$38.12
+
8.64%
WBT
$48.21
+
1.06%
SUI
$2.8001
+
11.60%
BCH
$460.52
+
2.31%
LINK
$13.30
+
12.23%
LEO
$9.1270
+
0.72%
XLM
$0.2484
+
7.24%
AVAX
$18.23
+
7.18%
TON
$2.9175
+
3.46%
SHIB
$0.0₄1171
+
6.75%
By CD Analytics, Tom Carreras|Edited by Stephen Alpher
Jun 24, 2025, 2:43 p.m.
- Toncoin experienced a 7.59% price swing, with strong buying at lower levels establishing support around $2.75.
- The coin rose 3% in 24 hours, underperforming the CoinDesk 20 index, which increased by 5.5%.
- Resistance at $2.93 remains a key level for a potential breakout, with $2.90 emerging as a psychological support area.
Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin
at lower levels, according to CoinDesk Research’s technical analysis model.
The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 5.5% in the same period of time.
STORY CONTINUES BELOW
Technical Analysis
• Price experienced a 7.59% swing between $2.72 low and $2.93 high over 24 hours.
• Strong buying emerged with above-average volume (4.08M), establishing support around $2.75.
• Steady uptrend formed with peak of $2.93 before consolidation in $2.89-$2.91 range.
• Higher lows throughout the period indicate strengthening bullish momentum.
• Resistance around $2.93 remains key level for potential breakout.
• Small price correction, declining 0.27% from $2.91 to $2.90.
• Significant downward volatility, reaching session low of $2.89.
• Sharp recovery with above-average volume (58K+), pushing prices above $2.91 briefly.
• The final 15 minutes showed consolidation between $2.90-$2.90, establishing new short-term support.
• $2.90 level emerging as key psychological support area.
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.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor’s degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
