TON -192.73% 24h Drop Amid Sharp Correction

On SEP 1 2025, TON dropped by 192.73% within 24 hours to reach $3.115, TON dropped by 111.5% within 7 days, dropped by 192.73% within 1 month, and dropped by 4365.58% within 1 year.

The rapid depreciation of TON has sparked renewed scrutiny from both investors and analysts. Over the last 24 hours, the asset has experienced one of the most severe short-term corrections in recent history. The drop, which brought the price from an earlier high to $3.115, has raised questions about market resilience and the sustainability of TON’s valuation framework. Analysts have noted that the sharp decline was largely driven by liquidations and a wave of profit-taking following a prolonged period of bullish momentum.

The correction has also triggered discussions about the technical structure of TON’s price action. While the drop to $3.115 appears to have breached critical support levels, the asset has not yet found a clear floor. Observers are closely watching whether TON will continue its downward trajectory or if a stabilizing phase is imminent.

Technical analysts have highlighted the presence of bearish patterns across multiple timeframes. A series of lower highs and lower lows has formed a descending triangle pattern, reinforcing the potential for further downside. In addition, several key indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), have entered bearish territory. These signals suggest that the current trend could persist for the foreseeable future, barring a significant exogenous stimulus.

The bearish sentiment is further compounded by the asset’s inability to recover lost ground. Despite brief rallies, TON has struggled to hold above the psychological $4.00 level, which has historically served as a key barrier. This pattern suggests a lack of conviction among buyers, with short-term traders and algorithmic systems amplifying the decline through automated responses to price breaks.

Backtest Hypothesis

In response to the volatile price action, there is growing interest in evaluating event-based trading strategies against TON’s historical performance. One such approach involves identifying days where the asset experiences a significant drop—typically defined as a 10% or greater decline from the previous close—and testing the efficacy of counter-trend or trend-following strategies. However, before running the backtest, it is crucial to confirm the exact price series to be analyzed, as TON may refer to multiple listings across exchanges. For example, TONUSDT on Binance and TONCOIN on Gate.io may exhibit divergent behaviors due to liquidity and trading activity differences. Additionally, it must be clarified whether the “down 10%” trigger refers to a single-day close-to-close drop or another form of drawdown, such as intraday or multi-day peak-to-trough. Once these parameters are set, the backtest can proceed using historical data from 2022-01-01 to the present to evaluate the robustness of the strategy.