Toncoin
Demonstrated short-term strength with a 3%rally according to Coindesk Research’s technical analysis model. Token’s price action shows resilience despite the volatility of the late session, with support to hold at $ 3.17- $ 3.18 zone after reaching a highlight of $ 3.25.
In contrast, Coindesk 20 – an index of the 20 best cryptocurrencies at market value, excluding Memecoins, stableecoins and exchange coins – is down 1.7% over the past 24 hours.
Technical analysis
• Ton has shown strength in the 24-hour period and waves from $ 3.16 to a highlight of $ 3.25, representing an interval of 0.095 (3%).
• Extraordinary volume exceeds 6.6 million, almost triple the 24-hour average, established a strong volume-supported resistance to $ 3.25.
• Bullish Momentum validated by consolidation over $ 3.22, with multiple tests of supports to $ 3.17- $ 3.18 zone showing resilience despite the withdrawal of the late session.
• Significant volatility in the last hour with a sharp fall of 1.01% from $ 3.25 to $ 3.22, forming a clear resistance level before encountering a strong sales pressure.
• Temporary bottom formed at 3,215 (13: 56-13: 57), followed by modest improvement establishing support of 3,222, which suggests potential consolidation.
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.
