Litecoin Price Struggles Despite ETF Optimism as War Tensions Rattle Market
TON Down 8% After Israeli Strikes Against Iran
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BTC
$105,624.14
–
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–
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$1.0003
+
0.04%
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–
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+
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+
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5.14%
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$0.0₄1199
–
4.44%
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By CD Analytics, Tom Carreras|Edited by Stephen Alpher
Jun 13, 2025, 2:53 p.m.
- Telegram’s token, TON, fell 8% in 24 hours, with its price dropping from $3.20 to $2.93.
- The selloff deepened after Israel’s military actions against Iranian facilities and leadership.
- Despite the decline, TON showed signs of stabilization with a slight recovery to $2.96.
Telegram’s token
dipped 8% in 24 hours, dropping from $3.20 to a low of $2.93 with significant selling pressure, according to CoinDesk research’s technical analysis model. TON was hit harder than other cryptocurrencies in the CoinDesk 20: the index (which includes the top 20 coins by market capitalization except for stablecoins, memecoins and stablecoins) is down 6.2% in the same period of time.
The selloff occurred after Israel struck Iranian facilities and military leadership late on Thursday night.
STORY CONTINUES BELOW
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Technical Analysis
• TON experienced a significant 8.4% correction, dropping from $3.20 to a low of $2.93 over a 24-hour period.
• Above-average volume of 3.36 million established a strong resistance at the $3.09 level.
• A notable volume spike of 7.74 million created a high-volume support zone around $2.94.
• Price subsequently consolidated between $2.95-$2.99, with recent price action showing signs of stabilization.
• In the last hour, TON showed recovery, climbing from $2.95 to $2.96, representing a 0.3% gain.
• Strong buying interest emerged with 284,843 units traded, establishing support at $2.96.
• Minor pullbacks quickly found support, suggesting resilient buyer interest.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor’s degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
