“Buyers Step in During the Price Correction, Driving A Rapid Upswing with A Significant Volume Spike.”, – WRITE: www.coindesk.com
Among Cryptocurrencies that SAW SIGNFICANT PRICE VALATY AMID The Tussle Between President Trump and Elon Musk on the State of the US Economy.
The Ton Token Saw A Sharp 7.7% Correction on June 5th, Accounting To Coindesk Research’s Technical Analysis Model. After Droping from $ 3.25 to $ 3.00, The Asset Found “Strong Support” at the psychologically Important $ 3.00 Level, WHERE HIGH TRADING VOLUME INDICATED SUBSTANTIAL BUYERTERE.
Recent Price Action Shows Ton Forming A Potential Support Zone Between $ 3.164- $ 3.168, with Buyers Consistentally Stepping in Dringing Minor PullBacks. The Hourly Volume Profile Indicates Sustaned Buying Interest Despite Previous Volatility.
The Move ComESS as the Coindesk 20 (An Index of the Top 20 Cryptocurrencies by Market Cap Except for Stablecoins, Exchange Coins and Meenes) is Down 0.8% in the Last 24 Hours.
Technical Analysis Highlights
• Ton Experienced A 7.7% Correction from $ 3.25 to $ 3.00 with Peak Volume Exceeding 10 Million Units Durying The Sell-Off.
• Strong Support Establized at the $ 3.00 Psychological Level, Creating A High-Volume Demand Zone.
• Recovery of 5.6% Over 18 Hours Brought the Token’s Price Back to $ 3.17.
• TEMPORARY Resistance Levels at $ 3.11 and $ 3.15 Briefly Slowed Momentum.
• Recent 2.5% Surge from $ 3.14 to $ 3.17 in the Last Hour.
• Significant Volume Spike Broke Through Key Resistance at $ 3.15.
• Support Zone ForMed AT $ 3.16- $ 3.18 with Consistent Buyer Interest During Pullbacks.
• PROFIT-Taking Was Observed At $ 3.17, Followed by a Higher Low At $ 3.16, Indicating Continued Bullish Structure.
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