The open network (ton) cryptocurrency has shown a strong momentum and increased 4.1% over the past 24 hours, according to Coindesk Research’s technical analysis model. Price action formed a clear increase with higher low and higher heights, which broke through the most important short -term high -time resistance levels before consolidating almost $ 3.35.
Coindesk 20 – an index of the 20 best cryptocurrencies at market value, excluding exchange coins, Memecoins and stableecoins – has increased by 3.7% in the same period.
Technical analysis
• Ton climbed from $ 3.20 to a highlight of $ 3.39, representing an increase of 6.03%.
• Price formed a clear increase with higher low and higher heights that culminated with a powerful outbreak.
• Trade volume was spiked at 5.77 m below breakout, markedly above the 24-hour average.
• Strong support established at $ 3.27, confirmed by multiple jumps with volume above average.
• Resistance to $ 3.33 was decisively broken on high volume, suggesting further upward potential.
• Recent consolidation near $ 3.35 after the rally indicates surplus tags but maintains most gains.
• In the last hour, tons of volatility experienced with a correction of 1.24% from $ 3.38 to $ 3.34.
• Support occurred around $ 3.33, tested several times with falling volume.
• The final trade period showed signs of consolidation between $ 3.34- $ 3.35, though with a diminishing volume.
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.
