TON’s latest worth motion reveals the advanced interaction between project-specific developments and international financial components. The token’s dramatic 24-hour vary from $3.22 to $3.47 demonstrates how rapidly sentiment can shift in cryptocurrency markets affected by worldwide commerce tensions. Whereas TON discovered important assist at $3.22-$3.24, the pronounced bearish momentum that emerged resulted in a 6.2% decline from every day highs earlier than a modest restoration try in ultimate buying and selling hours.
Technical Evaluation
- TON exhibited a 7.7% worth vary ($3.22-$3.47) over 24 hours, with an early rally adopted by persistent promoting stress.
- Key resistance established at $3.44-$3.47 with high-volume rejections through the 14th and fifteenth hours. Assist discovered at $3.22-$3.24 in later buying and selling periods.
- Bearish momentum after midnight resulted in a 6.2% decline from the day’s excessive.
- Quantity patterns recommend continued draw back vulnerability regardless of modest restoration makes an attempt.
- Consumers returned to push TON above $3.27 by session’s finish, suggesting renewed bullish sentiment.
Disclaimer: Elements of this text had been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.
