After a period of volatility in which prices swinged between $ 2.72 and $ 2.93, strong purchase appeared for Toncoin
At lower levels, according to Coindesk Research’s technical analysis model.
The coin has increased by 3% over the last 24 hours underpinning Coindesk 20 – an index of the top 20 cryptocurrencies at market value, exclusive of stablecoins, memcoins and exchange coins – which have increased 5.5% in the same period.
Technical analysis
• Price experienced a swing of 7.59% between $ 2.72 low and $ 2.93 high over 24 hours.
• Strong purchases arose with volume above average (4.08 m) and established support around $ 2.75.
• Disguted up formed with top of $ 2.93 before consolidation in $ 2.89- $ 2.91 range.
• Higher low lower throughout the period indicates strengthening of bullish momentum.
• Resistance around $ 2.93 remains key level for potential outbreak.
• Small price correction falling 0.27% from $ 2.91 to $ 2.90.
• Significant downward volatility reaching the session low at $ 2.89.
• Sharp recovery with volume above average (58K+) pushing prices over $ 2.91 cards.
• The last 15 minutes showed consolidation between $ 2.90- $ 2.90, which established new short-term support.
• $ 2.90 level that arises as the central psychological support area.
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.
