1 day ago
Telegram’s cryptocurrency TON, TON is experiencing important downward unit connected the short-term, according to CoinDesk Research's method investigation model.
The token saw a 4.67% intraday diminution to arsenic debased arsenic $3.15 connected precocious measurement (3.65 million), though caller terms enactment shows humble betterment attempts from the lows with caller absorption forming astatine $3.24.
The token is down 3% successful the past 24 hours. The CoinDesk 20 — an scale of the apical 20 cryptocurrencies by marketplace capitalization, excluding stablecoins, memecoins and speech coins — mislaid 3.2%.
Technical Analysis
• Critical enactment portion established astir $3.15-$3.16, confirmed by above-average trading volume.
• The steepest terms driblet occurred successful a 4.67% intraday diminution connected exceptionally precocious measurement (3.65 million), signaling beardown selling pressure.
• Resistance forming astatine $3.24, though the wide inclination remains bearish with little highs established passim the period.
• Recovery signifier observed successful the past hour, climbing from $3.19 to $3.20, representing a 0.4% gain.
• Sharp sell-off saw terms driblet to $3.18, earlier rapidly uncovering enactment and initiating a beardown upward trajectory.
• New absorption level established astatine $3.21, with consequent profit-taking pushing prices backmost to the $3.20 scope wherever consolidation is occurring.
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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