Toncoin
Among the cryptocurrencies who saw significant volatility prices amid the uprising between President Trump and Elon Musk in the US economy state.
The TON token saw a sharp 7.7% correction on June 5th, according to the CoinDesk Review technical review model. After falling from $ 3.25 to $ 3.00, the asset found “strong support” at the psychological level of $ 3.00, where high trading volume indicates considerable consumer interest, the model demonstrated.
Recent price action shows tons that make up a potential support zone between $ 3.164- $ 3.168, with consumers who continue to step on minor pullbacks. Time -Reason Volume profile indicates prolonged interest in purchase despite previous volatility.
The move will come as CoinDesk 20 (an index of the top 20 cryptocurrencies through the market cap other than stablecoins, exchange coins and memecoins) has dropped 0.8% in the last 24 hours.
Technical assessments
• Ton experienced a 7.7% correction from $ 3.25 to $ 3.00 with a peak that exceeds 10 million units during the sale.
• Strong support established at the $ 3.00 psychological level, creating a high volume demand zone.
• Recovery of 5.6% in 18 hours returns token price to $ 3.17.
• Temporary level of resistance to $ 3.11 and $ 3.15 short slowed momentum.
• Recent 2.5% advance from $ 3.14 to $ 3.17 at the last time.
• The significant volume of the spikes breaks through the main resistance to $ 3.15.
• Zone support is formed at $ 3.16- $ 3.18 with consistent consumer interest during pullbacks.
• Revenue extraction is observed at $ 3.17, followed by a higher low at $ 3.16, indicating a continuous bullish structure.
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.
