Geopolitical tensions and current commercial disputes between major economies create market volatility, traditional financial markets showing correlation with cryptographic movements.
The cryptocurrency market continues to navigate in jerky waters in the middle of global economic uncertainties. Ton, the native token of the open network, has shown remarkable resilience despite wider pressures on the market, recovering from a recent correction to establish a higher support in $ 3.10. This recovery is a symmetrical triangle model suggests a potential for a price movement of 40% in both directions, with current indicators leaning towards the bullish momentum.
Technical analysis
• Ton-USD has demonstrated remarkable volatility over the period 24 hours a day, establishing a negotiation range of 0.117 (3.7%).
• Price action has formed a clear V recovery scheme after reaching a peak of $ 3.21 before correcting $ 3.10.
• A solid volume support appeared at $ 3.11 where the purchase pressure appeared on several candles.
• The recovery phase has shown the increase in momentum with higher stockings forming a clear -rise tendency channel.
• Price recovered the level of $ 3.15 with a decrease in volume suggesting consolidation.
• During the last hour, Ton-USD went from $ 3.12 to $ 3.15, representing a gain of 1.8%.
• A decisive break occurred when the price penetrated the level of resistance of $ 3.14 with a high confirmation of volume.
• The technical structure, combined with a drop in sales pressure in the last minutes, suggests a potential continuation of the upward trend if the support newly established at $ 3.15 holds.
