TON falls 6% before staging recovery amidst global tension

The recent TON price action shows a complex interplay between project-specific developments and global economic factors. The dramatic 24 -hour token range from $ 3.22 to $ 3.47 shows how fast the sentiment transfer to cryptocurrency markets affected by international tensions. While Ton found critical support at $ 3.22- $ 3.24, the pronounced bearish momentum that appeared resulted in a 6.2% decline from daily highs before a moderate attempt at recovery at the final trading time.
Technical analysis
- Ton showed a 7.7% price range ($ 3.22- $ 3.47) within 24 hours, with an early rally followed by ongoing sale pressure.
- The main resistance established at $ 3.44- $ 3.47 with high volume declines in the 14th and 15th time. The support was found at $ 3.22- $ 3.24 in trading sessions.
- The bearish momentum after midnight resulted in a 6.2% decline from high sun.
- Volume patterns suggest ongoing weakness despite moderate recovery attempts.
- Consumers returned to push tons above $ 3.27 at the end of the session, suggesting a modified bullish emotion.
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