Bitcoin, Ethereum, and BNB remain the pillars of the market, but all three are under visible strain. In contrast, Toncoin (TON) has stood out by absorbing sell pressure and bouncing from critical support. That contrast has sparked a bigger question that with majors wobbling, could TON be carving out its path as the next altcoin star.
Majors Under Fire: BTC, ETH, BNB Lose Momentum
Bitcoin has slipped to $113,047 after testing the $115,800 zone earlier in the week. The breakdown occurred with unusually high trading volume, suggesting forced liquidations or profit-taking by large players. Immediate support rests around $113,000, and if that fails, $112,000–$110,000 could become critical levels.
Ethereum has also struggled. After losing momentum above $4,450, the asset dropped toward $4,200, with volume spiking significantly. Heavy selling pushed ETH closer to $4,100, and the bears remain in control unless $4,300–$4,350 is reclaimed soon. A return below $4,000 would further confirm bearish dominance.
Related: Options Market Signals BTC and ETH Rally Into Year-End After Fed Rate Cut Odds Rise
Meanwhile, BNB is battling to hold above $1,020. Rejection near $1,075 placed the token under steady selling pressure. Traders are closely watching the $1,000 psychological level, as a breakdown could accelerate losses toward $980–$960.
Related: Bitcoin & Ethereum Decouple: BTC Ends August Down 6.5%, ETH Up 18%
Toncoin’s Bounce Draws Trader Attention
While majors retreated, Toncoin plunged from $3.09 to $2.70, but bounced aggressively back toward $2.80. What made this move stand out was the volume, a 180% spike showed buyers weren’t passive but willing to step in size. That kind of activity often marks accumulation, not panic.
For now, $2.70 is the line that defines TON’s resilience. If it holds, the token has room to grind toward $2.90–$3.00, and reclaiming $3.15 could reopen a bullish trend. But if $2.70 cracks, sellers will likely drive it toward $2.50, where the next serious demand could emerge.
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