“Thought Sharply Lower, Ton Is Showing Signs of Stabilization, Account to the Charts.”, – WRITE: www.coindesk.com
Dipped 8% in 24 Hours, Droping from $ 3.20 to A Low of $ 2.93 with Significant Selling Pressure, Accounting To Coindesk Research’s Technical Analysis Model. Ton Was Hiter Than Other Cryptocurrencies in the Coindesk 20: The Index (Which Includes The Top 20 Coins By Market Capitalization Except for Stablecoins o Time.
The Selloff Occurred After Israel Struck Iranian Facilites and Military Leadership Late on Thursday Night.
Technical Analysis
• Ton Experienced A Significant 8.4% Correction, Droping from $ 3.20 to A Low of $ 2.93 Over A 24-Hur Period.
• Above-Average Volume of 3.36 Million Established a Strong Resistance at the $ 3.09 Level.
• A notable Volume Spike of 7.74 Million Created a High-Volume Support Zone AROUND $ 2.94.
• Price Subsequently Consolidated Between $ 2.95- $ 2.99, with Recent Price Action Showing Signs of Stabilization.
• In the Last Hour, Ton Showed Recovery, Climbing from $ 2.95 to $ 2.96, Representing A 0.3% GAIN.
• Strong Buying Interest Emerged with 284,843 Units Traded, Establishing Support at $ 2.96.
• Minor PullBacks Quickly Found Support, Suggesting Resilient Buyer Interest.
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All Content Produced by Coindesk Analytics is Undergoes Human Editing by Coindesk’s Editorial Team Before Publication. The Tool Synthesizes Market Data and Information from Coindesk Data and Other Sources to Create Timely Market Reports, with All External Sources Clearly Attributed Within Each.
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