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TON Rises 4.1%, Suggesting Further Upside Potential
Profit-taking is occurring, but the token has managed to keep most gains.
Jun 10, 2025, 3:35 p.m.
What to know:
- The Open Network (TON) cryptocurrency rose 4.1% in the last 24 hours, forming a clear uptrend with higher lows and highs.
- TON's price peaked at $3.39 after breaking through resistance levels on high trading volume.
- Recent consolidation near $3.35 suggests profit-taking, but the uptrend remains intact with strong support at $3.27.
The Open Network (TON) cryptocurrency has demonstrated strong momentum, rising 4.1% in the last 24 hours, according to CoinDesk Research's technical analysis model. The price action formed a clear uptrend with higher lows and higher highs, breaking through key short-term resistance levels on high trading volume before consolidating near $3.35.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding exchange coins, memecoins and stablecoins — is up 3.7% in the same period of time.
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Technical Analysis
• TON climbed from $3.20 to a peak of $3.39, representing a 6.03% increase.
• Price formed a clear uptrend with higher lows and higher highs, culminating in a powerful breakout.
• Trading volume spiked to 5.77M during the breakout, significantly above the 24-hour average.
• Strong support established at $3.27, confirmed by multiple bounces with above-average volume.
• Resistance at $3.33 was decisively broken on high volume, suggesting further upside potential.
• Recent consolidation near $3.35 after the rally indicates profit-taking but maintains most gains.
• In the last hour, TON experienced volatility with a 1.24% correction from $3.38 to $3.34.
• Support emerged around $3.33, tested multiple times with decreasing volume.
• Final trading period showed signs of consolidation between $3.34-$3.35, though with diminishing volume.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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