The Cryptocurrency Market is experiencing increased volatility in the midst of escalating global economic tensions, where Telegram-bound Token Ton consolidates after reaching the most important resistance levels. The recent price action shows TONT-USD, which is struggling to establish momentum over $ 3.24 resistance zone, where a significant sales pressure arose with quantities above average.
Still, Ton has broken out of a falling channel that potentially signalizes an end to its month-long downward downtrend, with key resistance now in the range of $ 4.23- $ 4.26.
Technical analysis
• Ton showed a trade area of 0.065 USD (2.05%) over the 24-hour period.
• Significant sales pressure occurred with $ 3.24- $ 3.25 zone.
• The price originally showed strength and reached a highlight of $ 3.21 before encountering a sharp sale.
• Sales intensified with volume surpassing 150,000 units.
• Ton settled at $ 3.18 with diminished volume, which suggests temporary fatigue of sales pressure.
