The open cryptocurrency of the network (tone) demonstrated a strong momentum, increasing by 4.1% in the last 24 hours, according to the Technical Analysis model of Coindesk Research. Prices’ action was a clear upward trend with higher hollows and highest highs, breaking key to short -term resistance levels on a high negotiation volume before consolidating nearly $ 3.35.
The Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, excluding exchange parts, the same and the stablecoins – is up 3.7% during the same period.
Technical analysis
• The ton has gone from $ 3.20 to a peak of $ 3.39, which represents an increase of 6.03%.
• The price has formed a clear rise with higher stockings and higher ups, leading to a powerful escape.
• The volume of trading increased to 5.77 m during the break, significantly higher than the average of 24 hours.
• Solid support established at $ 3.27, confirmed by several rebounds with a volume greater than the average.
• Resistance to $ 3.33 was decisively died on a high volume, which suggests another potential for increase.
• Recent consolidation nearly $ 3.35 after the rally indicates profit taking but maintains most of the gains.
• During the last hour, the volatility of tonnes experienced a correction of 1.24% of $ 3.38 to $ 3.34.
• The support emerged about $ 3.33, tested several times with a decreasing volume.
• The final negotiation period showed signs of consolidation between $ 3.34 and $ 3.35, but with a decreased volume.
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