3 days ago
TON, the Telegram-linked cryptocurrency, saw a short-term bearish-to-bullish reversal signifier successful caller trading, uncovering cardinal enactment astatine $3.25 aft important selling unit triggered a measurement spike of implicit 152K successful a azygous hour, according to CoinDesk Research's method investigation model.
The CoinDesk 20 — an scale of the apical 20 cryptocurrencies by marketplace capitalization, excluding stablecoins, memecoins and speech coins — is up 2.5% successful the past 24 hours.
Technical Analysis
• Price declined from $3.33 to $3.26, representing a 2% alteration implicit 24 hours.
• Significant volume-driven selloff saw terms driblet sharply to $3.26 connected 8.23 cardinal measurement — astir triple the 24-hour average.
• Key enactment emerged astatine $3.22-$3.22, with high-volume absorption astatine $3.34-$3.35.
• The 4-hour moving mean continues to inclination downward, indicating imaginable further weakness.
• Bearish-to-bullish reversal signifier observed successful the past hr with terms dropping to $3.25 earlier recovering to $3.26.
• The $3.25-$3.25 portion has established itself arsenic a imaginable cardinal short-term enactment level.
• Resistance remains astatine $3.28-$3.28 wherever selling unit intensified earlier.
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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