Geopolitical tensions and continuous commercial disputes between the main economies create market volatility, with traditional financial markets that show correlation to cryptographic movements.
The cryptocurrency market continues to browse the choppy waters in the midst of global economic uncertainties. Ton, the native token of the open network, has shown a remarkable resistance despite the largest pressures on the market, recovering from a recent correction to establish support above the level of $ 3.10. This recovery occurs when a symmetrical triangle pattern suggests potential for a 40% price movement in any direction, with current indicators that lean towards the upward impulse.
Technical analysis
• TON-USD demonstrated a remarkable volatility during the 24-hour period, establishing a negotiation range of 0.117 (3.7%).
• The price action formed a clear recovery pattern in the form of V after reaching a peak of $ 3.21 before correcting $ 3.10.
• The strong volume support arose at the level of $ 3.11 where the purchase pressure appeared in several candles per hour.
• The recovery phase showed a growing impulse with higher minimums that form an ascending trend channel.
• The price recovered the level of $ 3.15 with a decreasing volume that suggests consolidation.
• In the last hour, Ton-UD increased from $ 3.12 to $ 3.15, which represents a gain of 1.8%.
• There was a decisive break when the price penetrated the resistance level of $ 3.14 with a strong volume confirmation.
• The technical structure, combined with the decrease in the sale pressure in the final minutes, suggests a continuous potential of the upward trend if the support freshly established at $ 3.15 is maintained.
