Tanquine
According to the technical analysis model of Coindesk Research, established strong support at $ 2.94- $ 2.96 before taking a decisive step, while demonstrating flexibility even after a sharp pullback.
The token is up 1.5% above the last 24 hours, by reducing coindesk 20 – an index of top 20 cryptocurrency by market capitalization, stablecoins, memecoins and except exchanges coins – which has increased 3.6%.
technical analysis
• Price formed a solid support area in a period of $ 2.94- $ 2.96, followed by a decisive breakout above $ 3.00.
• Important up-to-high volume (1.87m and 1.54m) supported the initial breakout.
• Despite a sharp pullback for $ 2.98 with the highest volume spike (2.97m), the buyers quickly returned.
• A strong consolidation pattern was formed, which establishes support at $ 2.985.
• High volume (272,668 units) triggers the final breakout above $ 3.00.
• The new support area installed at $ 3.00- $ 3.01, confirms the strength of the uptrend.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standard. See for more information Coindesk’s full AI policy.
