TON price decreased by 3.3% to $1.59.

TON Price Decline Continues

TON has fallen to $1.596, losing 3.3% of its value. This decline occurred alongside the broader crypto market, while a 20% increase in trading volume indicates rising institutional interest.

The token is consolidating below the $1.65 level, finding support around $1.59. Investors are keeping an eye on the price, hoping it will break above the $1.70 level to regain bullish momentum.

While TON's fundamentals present a positive outlook with increasing on-chain revenue and wallet adoption, short-term market pressure and uncertainties are negatively affecting the token's price.