4 days ago
The Open Network (TON) cryptocurrency has demonstrated beardown momentum, rising 4.1% successful the past 24 hours, according to CoinDesk Research's method investigation model. The terms enactment formed a wide uptrend with higher lows and higher highs, breaking done cardinal short-term absorption levels connected precocious trading measurement earlier consolidating adjacent $3.35.
The CoinDesk 20 — an scale of the apical 20 cryptocurrencies by marketplace capitalization, excluding speech coins, memecoins and stablecoins — is up 3.7% successful the aforesaid play of time.
Technical Analysis
• TON climbed from $3.20 to a highest of $3.39, representing a 6.03% increase.
• Price formed a wide uptrend with higher lows and higher highs, culminating successful a almighty breakout.
• Trading measurement spiked to 5.77M during the breakout, importantly supra the 24-hour average.
• Strong enactment established astatine $3.27, confirmed by aggregate bounces with above-average volume.
• Resistance astatine $3.33 was decisively breached connected precocious volume, suggesting further upside potential.
• Recent consolidation adjacent $3.35 aft the rally indicates profit-taking but maintains astir gains.
• In the past hour, TON experienced volatility with a 1.24% correction from $3.38 to $3.34.
• Support emerged astir $3.33, tested aggregate times with decreasing volume.
• Final trading play showed signs of consolidation betwixt $3.34-$3.35, though with diminishing volume.
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.
English (US) 