Market recovery in the midst of institutional trust
The cryptocurrency market remains in turbulent territory, since Toncoin (Ton) demonstrates significant volatility and remarkable resilience.
After forming a head and shoulder pattern with strong resistance to $ 4.15, Ton has recovered from its recent minimums. Now it is quoted at $ 4.13 with a weekly gain of 12.5%.
This recovery occurs in the middle of the news that the main venture capital companies, including Sequoia, Ribbit Capital and Benchmark, collectively have more than $ 400 million in tons, indicating institutional confidence in the future of the block chain.
Prominent tons technical analysis
- Price Action formed a head and shoulder pattern with resistance to $ 4.15 and support for $ 3.60.
- The support level at $ 3.60 was violated during the sale of April 3.
- The volume analysis shows distribution phases that coincide with price peaks, which suggests institutional gains.
- The fibonacci setback indicates a potential stabilization around the level of 0.618 to $ 3.58.
- Cup and handling formation appeared during recovery with initial resistance at $ 3.58.
- A strong purchase pressure was observed during periods 15: 32-15-15: 34 and 15:58.
- Price recovered the Fibonacci level 0.382 to $ 3.59, which suggests a continuous potential for $ 3.65.
Discharge of responsibility: This article was generated with artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy. This article may include information from external sources, which are listed below when appropriate.
- ThenewSCrypto, “Toncoin (ton) eyes $ 4 as the bullish impulse is built”, consulted on April 3, 2025
- Cryptonews, “is this the next Solana? The increase in VC investment of $ 400 million indicates explosive rise”, consulted on April 3, 2025
- Cryptodily, “AI predicts a 12,500% profits for Remittix (RTX), 232% for Chainlink (Link), but to sell Toncoin (ton), Shiba Inu (Shib) fast”, consulted on April 3, 2025
- TheNewSCrypto, “Toncoin (Ton) Price Prediction”, consulted on April 3, 2025
- Bitcoin Systemi, “The best cryptographic platforms: Binance Curren
