Ton
Among the cryptocurrencies that saw a significant volatility of prices in the midst of the fight between President Trump and Elon Musk in the state of the US economy.
The ton token saw a strong 7.7% correction on June 5, according to the technical analysis model of Coindesk Research. After falling from $ 3.25 to $ 3.00, the asset found a “strong support” at the psychologically important level of $ 3.00, where the high negotiation volume indicated a substantial interest of the buyer, the model showed.
The recent price action shows ton forming a potential support zone between $ 3,164 and $ 3,168, and buyers constantly intervene during minor setbacks. The volume profile per hour indicates a sustained purchase interest despite previous volatility.
The measure occurs when the Coendesk 20 (an index of the 20 main cryptocurrencies for market capitalization, except the stable, the exchange currencies and the memecors) decreased 0.8% in the last 24 hours.
TECHNICAL ANALYSIS
• Ton experienced a 7.7% correction of $ 3.25 to $ 3.00 with a maximum volume exceeding 10 million units during the sale of the sale.
• Strong support established at the psychological level of $ 3.00, creating a high volume demand zone.
• The 5.6% recovery in 18 hours brought the price of the token back to $ 3.17.
• Temporary resistance levels at $ 3.11 and $ 3.15 Briefly slowed down.
• The recent 2.5% increases from $ 3.14 to $ 3.17 in the last hour.
• The significant volume peak was broken through the resistance of the key at $ 3.15.
• The support zone was formed at $ 3.16- $ 3.18 with consistent interest of the buyer during the setbacks.
• The profits was observed at $ 3.17, followed by a minimum higher than $ 3.16, indicating a continuous upward structure.
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