Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin
TON$2.92 at lower levels, according to CoinDesk Research’s technical analysis model.
The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 5.5% in the same period of time.
Technical Analysis
• Price experienced a 7.59% swing between $2.72 low and $2.93 high over 24 hours.
• Strong buying emerged with above-average volume (4.08M), establishing support around $2.75.
• Steady uptrend formed with peak of $2.93 before consolidation in $2.89-$2.91 range.
• Higher lows throughout the period indicate strengthening bullish momentum.
• Resistance around $2.93 remains key level for potential breakout.
• Small price correction, declining 0.27% from $2.91 to $2.90.
• Significant downward volatility, reaching session low of $2.89.
• Sharp recovery with above-average volume (58K+), pushing prices above $2.91 briefly.
• The final 15 minutes showed consolidation between $2.90-$2.90, establishing new short-term support.
• $2.90 level emerging as key psychological support area.