$TON Market Update Cooling Period or Accumulation Zone?
Following the massive hype surrounding Pavel Durov’s official announcement of Telegram’s deeper ecosystem involvement, $TON experienced a powerful supply squeeze, briefly doubling in value before hitting resistance.
We are now witnessing a localized 20-22% correction as short-term traders take profits.
Technical Breakdown:
The $1.85 – $1.95 region is acting as a major structural retest zone. If bulls hold this line, it establishes a solid higher-low macro structure.
On-Chain Strength: Despite the short-term price dip, ecosystem utility is accelerating. Network upgrades (like Catchain 2.0) have slashed block times to sub-seconds, drastically reducing transaction costs for mini-apps and social payments.
What's Next: A daily close back above the psychological $2.00 barrier could trigger a rapid shift in momentum toward $2.30+. Conversely, losing $1.85 might open the door for a deeper retest toward $1.70.
Volatility is highly elevated. Always utilize proper risk management.
#TONUSDT #Toncoin #CryptoAnalysis
