Ton’s remarkable price action contained extraordinary trading volume – approx. 10x period average in the peak load, with strong support formed at $ 2.97 – $ 2.98 and new resistance established at $ 3.27.
The most dramatic movement occurred in a two -minute window when tonnes of skyrocket from $ 3.18 to $ 3.29, accompanied by volume exceeding 2.1 million. For a single minute, which demonstrated powerful Momentum despite a late profit.
Technical analysis highlights
- Price consolidation pattern between $ 2.97- $ 3.04 for most of the period before breaking out.
- Strong support formed for $ 2.97- $ 2.98 with multiple tests throughout the period.
- New resistance established to $ 3.27, suggesting the potential for continued momentum upwards.
- Extraordinary volume pike with 19.7 m and 15.4 mi consecutive hours, approx. 10x period average.
- Clear rising channel formed with higher low down on the hourly card.
- Most dramatic price actions occurred between 10: 53-10: 55, with tonnes of skyrocketing from $ 3.18 to $ 3.29.
- Single minute volume exceeded 2.1 m-nest 20x the average minute volume for the period.
- Some profits occurred in the final minutes when the price was withdrawn to $ 3.27.
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