TON Struggles Against $3.24 Resistance Level. Settles at $3.18

TON-USD failed to establish momentum above the $3.24 resistance level, encountering significant selling pressure. The cryptocurrency market is experiencing heightened volatility amid escalating global economic tensions, with Telegram-linked token TON consolidating after reaching key resistance levels. Recent price action shows TON-USD struggling to establish momentum above the $3.24 resistance zone, where significant selling pressure emerged with above-average trading volumes. Even so, TON has broken out of a descending channel, potentially signaling an end to its months-long downtrend, with key resistance now at the $4.23-$4.26 range. Technical Analysis • TON exhibited a trading range of 0.065 USD (2.05%) over the 24-hour period. • Significant selling pressure emerged at the $3.24-$3.25 zone. • Price initially showed strength, reaching a peak of $3.21 before encountering a sharp sell-off. • Selling intensified with volume surpassing 150,000 units. • TON settled at $3.18 with diminishing volume, suggesting temporary exhaustion of selling pressure. “AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's 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. https://www.coindesk.com/markets/2025/06/03/ton-struggles-against-324-resistance-level-settles-at-318 #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple