TON Experiences 6% Drop Before Recovery Amid Global Economic Factors
Recent price movements of TON highlight the influence of project developments and global economic factors. The token fluctuated between $3.22 and $3.47 within 24 hours, reflecting rapid sentiment shifts due to trade tensions. Critical support was found at $3.22-$3.24, while bearish momentum led to a 6.2% decline from daily highs before some recovery.
Technical Analysis
- Price range of 7.7% ($3.22-$3.47) over 24 hours with initial rally followed by selling pressure.
- Resistance identified at $3.44-$3.47 with significant rejections in trading hours 14 and 15.
- Bearish momentum post-midnight caused a 6.2% decrease from the day's peak.
- Volume patterns indicate potential for further downside despite slight recovery efforts.
- Buyers pushed TON above $3.27 by session's end, indicating renewed bullish sentiment.