What to know:
- Telegram’s digital token—TON—staggered and reeled by 8%, tumbling from $3.20 to $2.93. The chart looked like someone had sneezed on it during a Siberian winter.
- Blood-red markets after Israel’s strikes against that eternal adversary, Iran. Traders ran from TON like former Party members from a late-night knock at the door.
- Yet, as if to taunt the law of gravity, TON wobbled upright, inching up to $2.96. The wounded soldier refuses to stay down—perhaps out of spite, perhaps out of habit.
Telegram’s token, dear reader, was sent to its knees—8% loss in a single day! From $3.20, down to a dismal, frostbitten $2.93, all while crypto voices on CoinDesk muttered technical jargon, as if magical incantations could reverse the tide.
Among the great flock of cryptos, TON’s humiliation was distinct—sharper than comrades in the CoinDesk 20, which only slumped a modest 6.2%. Clearly, some tokens have sturdier coats.
The selloff followed that most persistent of historical dramas—a missile flies, headlines scream, and somewhere a crypto chart sighs. Late Thursday, the skies over Iran were less full of stars and more full of Israeli resolve.
Technical Analysis
- TON was flogged by a brutal 8.4% correction, plunging faster than rations in a prison camp. From $3.20 down to $2.93, no mercy given.
- Trading volume surged past 3.36 million and formed a bulwark at $3.09—resistance sturdy enough to make an interrogator weep.
- Suddenly, volume erupted to 7.74 million, fortifying support at $2.94. At least some souls still manned the barricades.
- Price huddled between $2.95 and $2.99, like an invalid convalescing in the shadow of a watchtower. Stability—or exhaustion?
- In the last hour, TON limped a dizzying 0.3% upward: $2.95 to $2.96, prompting optimists to toast with their last crumb of bread.
- Buyers, not yet resigned to fate, bought up 284,843 units at $2.96—no doubt whispering prayers to Satoshi and the Ghost of Blockchain Past.
- Pitiful retreat attempts were swiftly met by fresh buyers. Resilience, or simply the refusal to admit defeat? Hard to tell—the line is thin at the edge of survival. 🪙✊
Read More
2025-06-13 18:13