Toncoin drops 11.15% amid Bitcoin correction and crypto market sell-off

Toncoin (TON) fell 11.15% in 24 hours following a 3.35% Bitcoin correction that erased $85 billion from the crypto market cap. Most liquidations were long positions, signaling bearish sentiment. After reaching $2.9 earlier this month, TON’s price is retracing toward $1.5, a key support level that could break if Bitcoin’s downtrend continues. Traders are advised to adopt a short-term bearish outlook and consider selling on price bounces as the overall crypto market faces further downside risk.