TORN, the native token of the privacy protocol Tornado Cash, has experienced sharp intraday volatility over two consecutive sessions. On Aug. 28, TORN fell 10.5% in 60 minutes to $6.05, down from $6.76, amid a wave of selling pressure. The token recorded a 24-hour decline of 9.85%, with a market cap of $29,682,000 and 24-hour trading volume of $936,401. Its daily range was between $6.05 and $6.85, reflecting rapid shifts in investor sentiment.
The following day, TORN reversed course with a 10.1% surge in one hour, climbing from $6.24 to $6.87. Its market cap rose to approximately $32,078,580, while 24-hour volume stood at $120,889. Although the token was up only 0.31% over the full 24-hour period, the hourly spike stood out against a mixed broader market backdrop.
Market observers suggest that whale accumulation may be driving the recovery, as larger wallets appear to be adding to their positions. Traders are now watching support near $6.50 and resistance near $7.00; a break above resistance could signal further bullish momentum, while a drop below support may indicate a reversal. Broader macro factors, including interest rates, dollar strength, and regulatory concerns, continue to shape trading strategies.
