After a volatility period in which prices turned between $ 2.72 and $ 2.93, a strong purchase for Toncoin emerged
at lower levels, according to the technical analysis model of Coindesk Research.
The currency has increased by 3% in the last 24 hours, with a lower performance than Coendesk 20, an index of the 20 main cryptocurrencies per market capitalization, excluding stable, memories and exchange currencies, which has increased 5.5% in the same period of time.
Technical analysis
• The price experienced a change of 7.59% between $ 2.72 low and $ 2.93 high for 24 hours.
• The strong purchase arose with a volume greater than the average (4.08m), establishing support around $ 2.75.
• The constant upward trend formed with a peak of $ 2.93 before consolidation in a range of $ 2.89- $ 2.91.
• The highest minimums throughout the period indicate strengthening the bullish impulse.
• Resistance around $ 2.93 remains a key level for a possible break.
• Small price correction, decreasing 0.27% of $ 2.91 to $ 2.90.
• Volatility in significant decline, reaching the $ 2.89 session.
• Acute recovery with average volume (58k+), which pushes prices above $ 2.91 briefly.
• The last 15 minutes showed consolidation between $ 2.90- $ 2.90, establishing a new short-term support.
• Level of $ 2.90 emerging as a key psychological support area.
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