Network Fee Discount Fails to Dampen Distribution, Price Slides Seeking New Base

• • The 1-hour and daily charts display a lethal trend breakdown structure, with the price continuously printing consecutive weaknesses breaking support levels.
• • News of a 6x transaction fee reduction on April 23-24, 2026, failed to save the price from dominating institutional sell-offs.

Strong fundamentals are sometimes paralyzed when facing massive distribution pressure from the market. On April 23-24, 2026, Pavel Durov officially announced a 6-fold network fee reduction for the TON ecosystem, an extraordinary update that should have been a bullish adoption catalyst. However, technically on the daily (1D) chart, the price was harshly rejected by peak resistance in the $1.5 range and thrown back into a macro downtrend. On the 1-hour (1H) chart, the price structure was systematically destroyed through downward Breaks of Structure, forcing the asset to be pinned weakly at the $1.316 entry area. This negative price response to highly positive news sentiment (a sell the news event) proves the real dominance of whale sellers. Supply burden is projected to force the price to break current fragile support, sliding freely to seek a new liquidity base in the $1.28 target range down to the $1.25 low point over the next 3 days.

This asset is struggling under technical pressure that opposes its fundamentals. If this cheap fee euphoria suddenly triggers a massive influx of retail swarms, the price could bounce unexpectedly trapping sellers (short squeeze) and surging back past the $1.38 warning level.