Global economic tensions and changing trade policies continue to create volatility between cryptocurrency markets, tonne undergoing significant decrease pressure.
The recent action of the token prices has formed a descending channel with consecutive ups and lower stockings, breaking under key support levels on a high trading volume.
Meanwhile, the competing projects of the blockchain draw attention because investors are looking for alternatives in a context of market uncertainty, some analysts projecting a potential recovery for your if it can establish support for current levels.
Strengths of technical analysis
- You have formed a descending channel with consecutive lower tops and lower stockings in the last 24 hours.
- The price was broken below the level of critical psychological support of $ 3.00 during hours 9-12 in high volume (3.96 m), indicating high sales pressure.
- A noticeable volume of volume (4.43 m) during the final negotiation time suggests a potential capitulation.
- The modest rebound compared to the lowest of $ 2.89 to end at $ 2.94 can indicate emerging support.
- The area from $ 2.88 to $ 2.90 now represents a crucial area to monitor the potential reversal of trends.
- A V -shaped inversion scheme was formed during the last hour with a strong dynamic, breaking the psychological level of $ 2.90 on the increase in volume.
- An important optimistic impulse occurred between 13: 36-13: 38, increasing the price by 3.6% to establish new local summits nearly $ 2.94.
- Despite the profit taking near the resistance level of $ 2.95 around 13: 48-13: 49, Ton maintained support above $ 2.93.
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