The recent price action reveals Ton’s fight to maintain stability, with an attempt to break down $ 3.22 followed by accelerated sale during the negotiation peak hours, according to the technical analysis model of Cindensk Research.
The measure occurs when the wider market caliber, the Coindesk20 index, remained flat.
Technical indicators paint a low potential image in the term in the short term, since the formation of lower and low low ups and downs suggests building a bearish impulse.
The breakdown of the support level of $ 3.16, confirmed by the high volume sale, has opened the door to a possible potential disadvantage as global economic tensions continue to remodel the priorities of investors in traditional and cryptocurrency markets.
TECHNICAL ANALYSIS
• Attempt to break down at the resistance level of $ 3.22, followed by constant sales pressure.
• Accelerated sale with average volume.
• Notable support arose at $ 3.16, where buyers previously intervened with a strong volume.
• The formation of lower and minimum lower ups and downs since the rejection of $ 3.22 suggests a bearish impulse.
• A double -term double pattern formed at the level of $ 3.18 before breakdown.
• The high volume sale exceeded prices at $ 3.16, confirming the breakdown of the $ 3.16 support level.
• 1.2% Price swing within the hour demonstrates a growing market instability.
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