Toncoin Surges Above $3 After Establishing New Support Zone
Toncoin (TON) has shown resilience, establishing support at $2.94-$2.96 before breaking out above $3.00, as per CoinDesk's technical analysis.
Key points:
- Current price increased by 1.5% in the last 24 hours.
- CoinDesk 20 index rose by 3.6% during the same period.
- Support zone formed at $2.94-$2.96, followed by a breakout above $3.00.
- Initial breakout supported by above-average volume of 1.87M and 1.54M.
- Sharp pullback to $2.98 occurred with a volume spike of 2.97M, but buyers quickly returned.
- A consolidation pattern established support at $2.985.
- Final breakout above $3.00 triggered by high volume of 272,668 units.
- New support zone confirmed at $3.00-$3.01, indicating strength of the uptrend.