The latest pricing reveals Tons struggle to maintain stability with a failed breakout trial of $ 3.22, followed by accelerated sales in peak times, according to Coindesk Research’s technical analysis model.
The move comes as the wider market meter, Coindesk20 index, remained flat.
Technical indicators paint a potential bearish image on the short -term timeframe as the formation of lower heights and lower lownesses suggests building Bearish Momentum.
The division of $ 3.16 support level confirmed by the sale of high volume has opened the door for further potential disadvantages as global economic tensions continue to reshape investor priorities across both traditional and cryptocurrency markets.
Technical analysis highlights
• Failed breakout trial of $ 3.22 resistance level followed by uniform sales pressure.
• Accelerated sales with volume above average.
• Remarkable support arose at $ 3.16, where buyers who had previously stepped in with a strong volume.
• Formation of lower heights and lower low low as the rejection to $ 3.22 suggests Bearish Momentum.
• A brief double top pattern formed at the $ 3.18 level before breaking down.
• Sales of high volume pushed prices down to $ 3.16, confirming the division of $ 3.16 support level.
• 1.2% Price swing within an hour shows increasing market instability.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
