Toncoin falls to $1.5 amid heavy selling and liquidations, risking further decline below key support.

Toncoin (TON) has dropped to a monthly low of $1.5, losing gains made after a strong rally in May. The price decline triggered massive liquidations of leveraged long positions, increasing selling pressure and reducing speculative activity. Spot market traders are also locking in gains, adding to the bearish momentum. Technical indicators suggest downside risk is growing, with TON at risk of falling below the $1.5 support level to $1.3 unless market sentiment improves and bulls regain control.