TON trades between $1.61 and $1.69 on low volume, with technical indicators signaling slow base-building as traders await the U.S. Federal Reserve announcement.
Toncoin (TON) rose 1.6% to $1.64 in the past 24 hours, underperforming the broader cryptocurrency market which gained nearly 3% ahead of the U.S. Federal Reserve interest rate decision. Trading volume fell 6.91% below the seven-day average, showing weak participation from institutional and retail traders. Price stayed rangebound between $1.61 and $1.69, briefly breaching resistance at $1.6660 before retreating. Technical analysis suggests a slow base-building phase, with higher lows forming near $1.61 and $1.63. Earlier upside in October was supported by the launch of Cocoon, a decentralized AI computer network integrated with Telegram, and the introduction of the ston.fi DAO for TON DeFi governance.