Telegram’s cryptocurrency ton,
Experiencing significant downward pressure shortly, according to the technical examination model of Coindesk Research.
The token saw a 4.67% intraday decline of less than $ 3.15 in high volume (3.65 million), although recent price action shows moderate recovery attempts from lows with new resistance to make up $ 3.24.
The token dropped 3% in the last 24 hours. CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins – lost 3.2%.
Technical analysis
• The critical support zone established around $ 3.15- $ 3.16, confirmed by more than average trading volume.
• The steep price collapse occurred in a 4.67% intraday decline in excess of high quantities (3.65 million), which signed a strong sale pressure.
• The resistance that makes up $ 3.24, although the overall trend remains to have lower high -ups throughout the time.
• The recovery pattern observed in the final time, climbing from $ 3.19 to $ 3.20, representing a 0.4% gain.
• The sharp price sale drops to $ 3.18, before quickly finding the support and start of a strong upward trajectory.
• The new level of resistance established at $ 3.21, with subsequent income earning prices back to the range of $ 3.20 where the integration takes place.
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.
