Toncoin lost 2.4% in value due to selling pressure.

Recent Decline in Toncoin

Toncoin (TON) has decreased by 2.37% in the last 24 hours, dropping to $2.0219. This decline has reversed the previous gains of the token. Despite rising interest, selling pressure has made its impact felt.

The token briefly reached $2.1165 with increasing trading volume. However, large-scale sell-offs wiped out the gains and pulled Toncoin back to critical support levels of $2.02.

The $2.02 level is currently a significant defensive line. If this support level holds, bullish investors may aim to regroup around $2.12. Otherwise, a broader pullback could occur.