Toncoin fell more than 4% in 24 hours to $1.76 after breaching critical support at $1.79 and $1.78, leaving the token in a decisive technical decline. The move widened a descending channel and undercut short-term buyer interest, increasing the risk of further downside.
Toncoin (TON) price action confirmed a bearish regime: a failed rebound to $1.89 was followed by renewed selling that produced an intraday low of $1.757. The breaks below $1.79 and $1.78 closed out several short-term support bands and reinforced a descending channel pattern, a classic sign that sellers controlled the tape during the session.
Trading volume rose materially during the breach, with 2.14 million TON exchanging hands — a surge relative to recent averages and a signal that large holders or institutions were likely active. Analysts highlighted an immediate demand zone between $1.765 and $1.770; if that zone fails to attract buyers, further declines become more probable. Market participants are watching whether $1.76 will act as a floor or give way to additional downside.
The sell-off occurred alongside a volume spike of 2.14 million TON, a level above the seven‑day average that suggested concentrated selling pressure and a measurable shift in market conviction.
Earlier sell-offs and on-chain confirmations
Recent technical stress traced back through a string of liquidity events. On 5 de nov. de 2025 a Nasdaq warning tied to a $273 million Toncoin purchase executed by TON Strategy Co. without shareholder approval triggered panic selling, pushing TON down about 9.76% to $1.918. On-chain indicators then showed Spot Taker CVD turning red and Netflow spiking to $2.47 million, consistent with heavy exchange inflows and selling conviction. The daily RSI dropped to 33 at that stage, indicating oversold conditions but also strong seller control.
Earlier moves — including a 5% drop to $2.165 on 3 de nov. de 2025 — were accompanied by elevated volumes, reinforcing the narrative that large ticket flows repeatedly pressured the token. Commentary from late December noted that, despite episodic positive product news, TON had retreated toward longer-term support levels, underscoring how episodic rallies struggled to change the broader supply/demand balance.
Beyond chart patterns, external developments weighed on sentiment. Reports that Telegram — a key ecosystem partner — had roughly $500 million in bonds frozen under Western sanctions added a macro-liquidity risk to the narrative and likely amplified selling.
Market participants should monitor exchange inflows, Netflow readings and any fresh announcements on the Telegram/sanctions front, since renewed regulatory or liquidity shocks would deepen selling pressure while sustained buying interest at the $1.765–$1.770 band would be required to stabilise the token.
