Market resumption in the midst of institutional trust
The cryptocurrency market remains in a turbulent territory while Toncoin (tone) demonstrates both significant volatility and remarkable resilience.
After having formed a head and shoulder pattern with high resistance at $ 4.15, Ton recovered from its recent stockings. It is now negotiated at $ 4.13 with a weekly gain of 12.5%.
This recovery comes in the midst of news that the main venture capital companies, notably Sequoia, Ribbit Capital and Benchmark, collectively hold more than $ 400 million in tonne, reporting institutional trust in the future of blockchain.
Technical analysis your knowing
- The price action has formed a head and shoulder model with resistance at $ 4.15 and a support at $ 3.60.
- The level of support for $ 3.60 was violated during the sale of April 3.
- The volume analysis shows distribution phases coinciding with price peaks, suggesting institutional profit.
- Fibonacci’s retrace indicates potential stabilization around the level of 0.618 to $ 3.58.
- The cup and handle formation appeared during recovery with an initial resistance at $ 3.58.
- Strong purchase pressure was observed during periods of 15: 32-15: 34 and 15:58.
- Price recovered the level of Fibonacci 0.382 at $ 3.59, suggesting a potential continuation to $ 3.65.
Warning: This article was generated with AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy. This article may include information from external sources, which is listed below if necessary.
- ThewewScrypto, “Toncoin (ton) Eyes $ 4 as a bolt up bolt”, accessed April 3, 2025
- Cryptonews, “Is this next Solana? $ 400 million in VC Investment explodes exploded on the rise ”, consulted on April 3, 2025
- Cryptodaily, “AI predicted 12,500% of earnings for remittix (RTX), 232% for ChainLink (link) – but to sell tone (tone), Shiba Inu (Shib) quickly”, consulted on April 3, 2025
- Thewewscrypto, “Toncoin (ton) Price predicted”, consulted on April 3, 2025
- Bitcoin Sistemi, “Top crypto platforms: Binance Coin, Blockdag, Tron, Toncoin posed for major growth in 2025”, consulted on April 3, 2025
