TON Coin Rises 3% Amid Price Volatility and New Support Level
Strong buying for toncoin TON emerged after prices fluctuated between $2.72 and $2.93, as per CoinDesk Research.
Key points:
- 24-hour price swing of 7.59% from low of $2.72 to high of $2.93.
- Above-average volume (4.08M) indicates established support around $2.75.
- Uptrend observed with peak at $2.93 before consolidation in $2.89-$2.91 range.
- Higher lows suggest strengthening bullish momentum.
- Resistance at $2.93 is a key level for potential breakout.
- Minor correction occurred, with a decline of 0.27% from $2.91 to $2.90.
- Downward volatility reached a session low of $2.89.
- Sharp recovery seen, pushing prices above $2.91 briefly with volume over 58K.
- Final 15 minutes showed consolidation around $2.90, establishing new short-term support.
- $2.90 is emerging as a key psychological support area.