Telegrams Cryptocurrency Ton,
Experiencing significant downward pressure in the short term, according to Coindesk Research’s technical analysis model.
The token experienced a 4.67% intradium decline as low as $ 3.15 at high volume (3.65 million), although the recent price action shows modest recovery trials from low lower with new resistance formed at $ 3.24.
The token is down by 3% over the past 24 hours. Coindesk 20 – an index of the 20 best cryptocurrencies at market value, excluding stableecoins, memcoins and exchange coins – lost 3.2%.
Technical analysis
• Critical support zone established around $ 3.15- $ 3.16, confirmed by trade volume above average.
• The steepest price drop occurred in a 4.67% intradium decline of unusually high volume (3.65 million), signaling a strong sales pressure.
• Resistance to $ 3.24, although the overall trend remains Bearish with lower heights established throughout the period.
• Recovery pattern observed in the last hour, climbing from $ 3.19 to $ 3.20, representing a gain of 0.4%.
• Sharp sales so the price dropped to $ 3.18 before quickly found the support and initiation of a strong upward course.
• New resistance level established at $ 3.21, with subsequent profitable pushing prices back to the $ 3.20 area where consolidation occurs.
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.
