According to Coindesk Research’s technical analysis model, TON-USD rose from $3.156 to $3.24, gaining amazing strength in a strong breakthrough and gaining a 2.66% increase. Cryptocurrencies have found support near the $3.19-$3.20 area, forming a potential short-term double bottom pattern that can serve as a level that continues the broader uptrend.
Coindesk 20 (excluding Stablecoins, Memecoins and Exchange Coins does not include indexes for Stablecoins, Memecoins and Exchange Coins, not including Stablecoins, Memecoins and Exchange Coins).
Technical Analysis
•TON-USD showed significant strength in 24 hours, climbing from $3.15 to a peak of $3.24, with a range of $0.08 (2.66%).
• Price action constitutes a clear uptrend, high and higher highs, ultimately with a strong breakthrough (546m) in the highest number.
•The main support volume firmly held in multiple tests is $3.15-$3.16, while the resistance in high volumes is decisively $3.20, confirming the bullish momentum.
• After the subsequent merger reaches $3.24, $3.24 of $3.24 means profit, but keeps the maximum gain, which indicates that if the quantity is supported, it may continue to move upward.
•In the last hour, Ton-usd experienced significant volatility, initially continuing its upward momentum, reaching a peak of $3.23, up 0.5%.
•This bullish trend reversed sharply, with prices falling to $3.19, marking a 2.7% drop in the peak.
•Selling is accompanied by a large number, indicating a strong distribution.
• Prices are close to $3.19 at $3.19 and have a modest recovery to end $3.2, forming a potential double bottom pattern.
•This price action suggests that profits are made after an earlier breakout and the $3.19-$3.20 area is now identified as a key support level that potentially continues the broader uptrend.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
