Following a interval of volatility the place costs swung between $2.72 and $2.93, sturdy shopping for emerged for toncoin
at decrease ranges, in keeping with CoinDesk Analysis’s technical evaluation mannequin.
The coin is up 3% within the final 24 hours, underperforming the CoinDesk 20 — an index of the highest 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and alternate cash — which has risen 5.5% in the identical time frame.
Technical Evaluation
• Value skilled a 7.59% swing between $2.72 low and $2.93 excessive over 24 hours.
• Robust shopping for emerged with above-average quantity (4.08M), establishing assist round $2.75.
• Regular uptrend shaped with peak of $2.93 earlier than consolidation in $2.89-$2.91 vary.
• Greater lows all through the interval point out strengthening bullish momentum.
• Resistance round $2.93 stays key degree for potential breakout.
• Small value correction, declining 0.27% from $2.91 to $2.90.
• Important downward volatility, reaching session low of $2.89.
• Sharp restoration with above-average quantity (58K+), pushing costs above $2.91 briefly.
• The ultimate quarter-hour confirmed consolidation between $2.90-$2.90, establishing new short-term assist.
• $2.90 degree rising as key psychological assist space.
Disclaimer: Elements of this text had been generated with the help from AI instruments and reviewed by our editorial staff to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.
