23 hours ago
Telegram’s token TON dipped 8% successful 24 hours, dropping from $3.20 to a debased of $2.93 with important selling pressure, according to CoinDesk research’s method investigation model. TON was deed harder than different cryptocurrencies successful the CoinDesk 20: the scale (which includes the apical 20 coins by marketplace capitalization but for stablecoins, memecoins and stablecoins) is down 6.2% successful the aforesaid play of time.
The selloff occurred aft Israel struck Iranian facilities and subject enactment precocious connected Thursday night.
Technical Analysis
• TON experienced a important 8.4% correction, dropping from $3.20 to a debased of $2.93 implicit a 24-hour period.
• Above-average measurement of 3.36 cardinal established a beardown absorption astatine the $3.09 level.
• A notable measurement spike of 7.74 cardinal created a high-volume enactment portion astir $2.94.
• Price subsequently consolidated betwixt $2.95-$2.99, with caller terms enactment showing signs of stabilization.
• In the past hour, TON showed recovery, climbing from $2.95 to $2.96, representing a 0.3% gain.
• Strong buying involvement emerged with 284,843 units traded, establishing enactment astatine $2.96.
• Minor pullbacks rapidly recovered support, suggesting resilient purchaser interest.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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