The cryptocurrency market experiences increased volatility amid increased global economic tension, with a token linked to the telegram combined after reaching resistance levels. The recent price action shows TON-USD that struggles to promote momentum above the $ 3.24 resistance of the zone, where significant sale pressure has emerged with an greater average trading volume.
Although, TON is broken from a downward channel, which is a potential signal of the end of the month-long collapse, with the main resistance today at the $ 4.23- $ 4.26 range.
Technical analysis
• Ton showed a trade range of 0.065 USD (2.05%) within 24 hours.
• Significant sale pressure appeared in the $ 3.24- $ 3.25 zone.
• The price initially showed strength, reaching a peak of $ 3.21 before finding a sharp sale.
• The sale intensifies in the volume of more than 150,000 units.
• TON settles at $ 3.18 with a reduction in volume, suggesting temporary fatigue of pressure sale.
