Geopolitical tensions and ongoing trade disputes between larger economies create market volatility, with traditional financial markets that show links to crypto movements.
The cryptocurrency market continues to navigate chopped waters in the midst of escalating global economic uncertainties. Ton, the native token for the open network, has shown remarkable resilience despite a wider market pressure that has recovered after a recent correction to establish support over the $ 3.10 level. This recovery comes as a symmetrical triangle pattern suggests the potential for a 40% price movement in both directions where current indicators lean against Bullish Momentum.
Technical analysis
• Ton-USD demonstrated remarkable volatility during the 24-hour period and established a trade area of 0.117 (3.7%).
• Price action formed a clear V-shaped recovery pattern after reaching a highlight of $ 3.21 before they corrected to $ 3.10.
• Strong volume support appeared at the $ 3.11 level where the purchase pressure emerged across several timing lights.
• Recovery phase showed increasing momentum with higher low downturns that formed a clear uphill channel.
• Price recovered $ 3.15 level with declining volume suggesting consolidation.
• In the last hour, TONT-USD rose from $ 3.12 to $ 3.15, representing a gain of 1.8%.
• A crucial breakout occurred as the price entered the $ 3.14 level of resistance with strong volume confirmation.
• Technical structure combined with falling sales pressure in the final minutes suggests potential continuation of the trend if the newly established support for $ 3.15 applies.
