Toncoin
Experiences increase in volatility amid greater market disturbance, with significant sale pressure sales through a $ 2.92 support level at the time of trading peak, according to the technical review model of CoinDesk Research.
Despite the sharp decline, consumers have emerged near the level of $ 2.87, forming what appears to be a potential stabilization zone. The recent cryptocurrency price action shows a clear immunity around $ 2.99, with many failed attempts to break this threshold suggesting the ongoing bearish momentum in the short term.
The token dropped 3.1% in the last 24 hours, while CoinDesk 20 was CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins – just lost 1.7%.
Technical analysis
• Most pronounced sales pressure occurred with a high volume (7.07m) that destroys the support level of $ 2.92.
• A well -known resistance zone is formed around $ 2.99, with many failed attempts to break this threshold.
• Current price action suggests potential stabilization that makes up near the $ 2.87 level with moderate purchase interest that emerged after refusal.
• General price action indicates bearish momentum with increasing volatility, which suggests entrepreneurs who should monitor the $ 2.85 support level closely.
• The price is formed by a clear V return pattern with a significant bottom of $ 2.85.
• The $ 2.880- $ 2.900 zone remains a critical resistance area to monitor for the continuation of the ascent.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
