TON Drops 10% Amid Volatile Trading, Tests Support at $2.637

On March 10, 2025, the price of TON experienced significant volatility, with traders closely monitoring key resistance and support levels. The asset's price movements have been characterized by a mix of bearish pressure and potential breakouts, creating an atmosphere of uncertainty in the market. Over the past 24 hours, TON navigated a downward channel, tested crucial support at $2.637, and attempted an upward recovery, leaving traders on edge about the next significant move.

The trading session on March 9th was marked by substantial price action for TON. The day commenced with a golden cross on the MACD line, indicating initial bullish momentum. However, the price encountered resistance at $2.966, leading to a death cross at 1:25 UTC that triggered a downward trend. The Relative Strength Index (RSI) signaled oversold conditions at 3:00 UTC and 4:20 UTC, further accelerating the decline. Another death cross on the MACD at 8:00 UTC reinforced the bearish momentum, pushing the price lower. Despite a brief upward movement observed at 11:15 UTC, an oversold signal at 17:00 UTC dragged the price toward its support level of $2.637. The downward trend intensified after a death cross at 20:30 UTC, and an oversold situation at 23:00 UTC led to a break below support. However, this move was ultimately a fakeout as a golden cross on the MACD at 23:20 UTC helped reverse the price, bringing renewed bullish momentum.

On March 10th, the trading day began with an upward channel as the price moved within a moderate range. A golden cross on the MACD line at 9:05 UTC signaled bullish momentum. However, an overbought situation at 9:20 UTC led the price to establish new resistance at $2.775. Shortly after, a death cross appeared at 9:55 UTC, suggesting a downward move. The price is now at a critical level, with traders watching for confirmation of a trend reversal. The upcoming move will determine whether the price continues its climb or reverses.

TON price analysis indicates mixed movements, with the asset fluctuating between a downward channel and a potential breakdown. Over the past 24 hours