Ton Shows Resilience Amidst Market Uncertainty, Eyes 40% Breakout

Edited by: Yuliya Shumai

Amidst global economic uncertainties, TON, The Open Network's token, demonstrates resilience. It recovered from a correction, finding support above $3.10. A symmetrical triangle pattern hints at a potential 40% price move, with bullish indicators. TON-USD showed volatility, with a 3.7% trading range over 24 hours, Source: Market Analysis. A V-shaped recovery followed a peak of $3.21, correcting to $3.10. Strong volume support appeared at $3.11, indicating buying pressure. The recovery gained momentum, forming an uptrend channel. TON reclaimed $3.15 with decreasing volume, suggesting consolidation. A surge from $3.12 to $3.15, a 1.8% gain, occurred recently. A breakout past $3.14 with volume confirmation suggests a potential uptrend if $3.15 support holds, Source: Market Analysis.

Sources

  • CoinDesk

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