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Toncoin (TON) crashed below $ 3 after 8% seller



Global economic tensions and transfer of trade policies continue to create volatility in cryptocurrency markets, with tones experiencing significant down pressure.

The recent price action of the token is formed by a downward channel with subsequent lower highs and lows, which break below high -quantitative trading support levels.

Meanwhile, competing blockchain projects are drawing attention as investors are looking for successors amid market uncertainty, with some analysts that promote potential recovery for tonne if it can establish support at current levels.

Technical assessments

  • Tons are formed by a downward channel with subsequent lower highs and lower lows in the past 24 hours.
  • The price below was damaged by the critical $ 3.00 psychological support level at the time of 9-12 in high volume (3.96m), indicating strong sales pressure.
  • A well -known spike volume (4.43m) in the final trading time suggests potential capitulation.
  • Moderate bounce from a low $ 2.89 to close to $ 2.94 may indicate emerging support.
  • The $ 2.88- $ 2.90 zone now represents an important place to monitor for potential recurrence.
  • A v-shaped pattern formed at the last time with a strong momentum, which destroys the $ 2.90 psychological level with increasing volume.
  • A significant bullish impulse occurred between 13: 36-13: 38, pushing the price up to 3.6% to promote new local highs near $ 2.94.
  • Despite getting income near the $ 2.95 resistance level around 13: 48-13: 49, TON maintains support above $ 2.93.

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