Tones
Among the cryptocurrencies that have experienced significant price volatility in the midst of the struggle between President Trump and Elon Musk on the state of the American economy.
The Ton token experienced a strong correction of 7.7% on June 5, according to the Technical Analysis model of Coindesk Research. After falling from $ 3.25 to $ 3.00, the asset found “strong support” at the level of $ 3.00 psychologically significant, where a high negotiation volume indicated a substantial interest of buyers, showed the model.
A recent price action shows that your form is a potential support area between $ 3.164 and $ 3.168, buyers are constantly intervening during minor withdrawals. The hourly volume profile indicates a sustainable purchase interest despite the previous volatility.
This decision comes while the Coindesk 20 (an index of the best 20 cryptocurrencies by market capitalization, with the exception of stablescoins, exchange parts and the same) is down 0.8% in the last 24 hours.
Strengths of technical analysis
• Your correction of $ 3.25 to $ 3.25 with $ 3.25 with a peak volume greater than 10 million units during the sale.
• Solid support established at the psychological level of $ 3.00, creating a high volume demand area.
• The recovery of 5.6% over 6 p.m. brought the price of the token to $ 3.17.
• Temporary resistance levels at $ 3.11 and $ 3.15 briefly slowed the momentum.
• A recent increase of 2.5% of $ 3.14 to $ 3.17 in the last hour.
• A significant volume peak has crossed the keys to $ 3.15.
• Support area formed at $ 3.16 – $ 3.18 with consistent buying interests during setbacks.
• The profit taking was observed at $ 3.17, followed by a lower at $ 3.16, indicating a continuous upward structure.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
