The currency $TON
has surpassed the $3 barrier thanks to high trading volume
$3.02 USD
The price of $TON found strong support at $2.94-$2.96 USD before making a decisive upward move, demonstrating resilience even after a sharp decline, according to the technical analysis model by Coin,,Desk.
The currency rose by 1.5% in the past 24 hours, reducing the performance of the Coin,,Desk 20 index - which tracks the largest 20 digital currencies by market cap, excluding stablecoins, Meme,,coins, and trading platform coins - which increased by 3.6%.
Technical Analysis
• The price formed a strong support area at $2.94-$2.96 USD at the beginning of the period, followed by a decisive breakout above $3.00 USD.
• A large trading volume above average (1.87 million and 1.54 million) supported this initial breakout.
• Despite the sharp pullback to $2.98 USD with the highest trading volume (2.97 million), buyers quickly returned.
• A strong consolidation pattern formed, establishing support at $2.985 USD.
• High trading volume (272,668 units) led to the final price breakout above $3.00 USD.
• A new support area formed between $3.00 and $3.01 USD, confirming the strength of the upward trend.