4 hours ago
Following a play of volatility wherever prices swung betwixt $2.72 and $2.93, beardown buying emerged for toncoin TON astatine little levels, according to CoinDesk Research’s method investigation model.
The coin is up 3% successful the past 24 hours, underperforming the CoinDesk 20 — an scale of the apical 20 cryptocurrencies by marketplace capitalization, excluding stablecoins, memecoins and speech coins — which has risen 5.5% successful the aforesaid play of time.
Technical Analysis
• Price experienced a 7.59% plaything betwixt $2.72 debased and $2.93 precocious implicit 24 hours.
• Strong buying emerged with above-average measurement (4.08M), establishing enactment astir $2.75.
• Steady uptrend formed with highest of $2.93 earlier consolidation successful $2.89-$2.91 range.
• Higher lows passim the play bespeak strengthening bullish momentum.
• Resistance astir $2.93 remains cardinal level for imaginable breakout.
• Small terms correction, declining 0.27% from $2.91 to $2.90.
• Significant downward volatility, reaching league debased of $2.89.
• Sharp betterment with above-average measurement (58K+), pushing prices supra $2.91 briefly.
• The last 15 minutes showed consolidation betwixt $2.90-$2.90, establishing caller short-term support.
• $2.90 level emerging arsenic cardinal intelligence enactment area.
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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