TON Faces Selling Pressure at $3.24 Resistance, Ends at $3.18
The cryptocurrency market faces increased volatility due to global economic tensions. The token linked to Telegram, TON, is consolidating after hitting resistance levels.
- TON-USD is struggling to gain momentum above $3.24, facing significant selling pressure.
- A breakout from a descending channel may indicate the end of a downtrend.
- Key resistance is now identified at $4.23-$4.26.
Technical Analysis
- TON traded within a range of $0.065 (2.05%) over the last 24 hours.
- Selling pressure emerged around $3.24-$3.25.
- Price peaked at $3.21 before a sell-off occurred.
- Volume during selling exceeded 150,000 units.
- TON closed at $3.18 with declining volume, indicating potential exhaustion of selling pressure.