Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin TON at lower levels, according to CoinDesk Research’s technical analysis model.

The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 5.5% in the same period of time.

Technical Analysis

• Price experienced a 7.59% swing between $2.72 low and $2.93 high over 24 hours.

• Strong buying emerged with above-average volume (4.08M), establishing support around $2.75.

• Steady uptrend formed with peak of $2.93 before consolidation in $2.89-$2.91 range.

• Higher lows throughout the period indicate strengthening bullish momentum.

• Resistance around $2.93 remains key level for potential breakout.

• Small price correction, declining 0.27% from $2.91 to $2.90.

• Significant downward volatility, reaching session low of $2.89.

• Sharp recovery with above-average volume (58K+), pushing prices above $2.91 briefly.

• The final 15 minutes showed consolidation between $2.90-$2.90, establishing new short-term support.

• $2.90 level emerging as key psychological support area.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。