Global economic tensions and changing commercial policies continue to create volatility in cryptocurrency markets, with Ton experiencing significant downward pressure.
The recent price action of the Token has formed a descending channel with ups and downs and minimums, breaking below the key support levels in a high negotiation volume.
Meanwhile, competitive blockchain projects are earning attention as investors seek alternatives in the midst of market uncertainty, and some analysts project a potential recovery for TON if you can establish support at current levels.
TECHNICAL ANALYSIS
- Ton formed a descending channel with consecutive and lowest lower high ups and downs in the last 24 hours.
- The price broke below the critical level of psychological support of $ 3.00 during the 9-12 high volume (3.96 m), indicating a strong sales pressure.
- A remarkable volume peak (4.43 m) during the final negotiation time suggests a potential capitulation.
- The modest rebound of the absolute minimum of $ 2.89 to close to $ 2.94 can indicate emerging support.
- The $ 2.88- $ 2.90 area now represents a crucial area to monitor the possible investment of trends.
- An investment pattern in the form of V formed in the last hour with a strong impulse, breaking the psychological level of $ 2.90 by increasing volume.
- A significant bullish impulse occurred between 13: 36-13: 38, which increased the price by 3.6% to establish new local maximums about $ 2.94.
- Despite the profits near the resistance level of $ 2.95 around 13: 48-13: 49, Ton has maintained support above $ 2.93.
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