Tones
established a strong support at $ 2.94 at $ 2.96 before making a decisive movement upwards, demonstrating resilience even after a lively withdrawal, according to the Technical Analysis model of Coindesk Research.
The token is up 1.5% in the last 24 hours, underperforming the Coindesk 20 – an index of the first 20 cryptocurrencies by market capitalization, excluding staboins, the same and exchange parts – which increased by 3.6%.
Technical analysis
• The price formed a solid support zone at $ 2.94 at $ 2.96 at the start of the period, followed by a decisive rupture greater than $ 3.00.
• The significant volume greater than the average (1.87 m and 1.54 m) supported the initial rupture.
• Despite a lively withdrawal at $ 2.98 with the highest volume point (2.97 m), buyers quickly returned.
• A highly formed consolidation scheme, establishing support at $ 2,985.
• A high volume (272,668 units) sparked the final rupture greater than $ 3.00.
• New support area established at $ 3.00 at $ 3.01, confirming the strength of the upward trend.
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.
