1 week ago
Toncoin TON demonstrated short-term spot with a 3% rally, according to CoinDesk Research's method investigation model. The token's terms enactment shows resilience contempt precocious league volatility, with enactment holding astatine the $3.17-$3.18 portion aft reaching a highest of $3.25.
In contrast, the CoinDesk 20 — an scale of the apical 20 cryptocurrencies by marketplace capitalization, excluding memecoins, stablecoins and speech coins — is down 1.7% successful the past 24 hours.
Technical Analysis
• TON has demonstrated spot implicit the 24-hour period, surging from $3.16 to a highest of $3.25, representing a scope of 0.095 (3%).
• Extraordinary measurement exceeding 6.6 million, astir triple the 24-hour average, established beardown volume-supported absorption astatine $3.25.
• Bullish momentum validated by consolidation supra $3.22, with aggregate tests of enactment astatine the $3.17-$3.18 portion showing resilience contempt precocious league pullback.
• Significant volatility successful the past hr with a crisp 1.01% diminution from $3.25 to $3.22, forming a wide absorption level earlier encountering dense selling pressure.
• Temporary bottommost formed astatine 3.215 (13:56-13:57), followed by humble betterment establishing enactment astatine 3.222, suggesting imaginable consolidation.
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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