Geophysical stress and ongoing trade disputes among major economies have shown correlation for crypto movements with traditional financial markets.
The Cryptocurrency market has continued to navigate choppy water amidst increasing global economic uncertainties. Tons, the native token of the open network has shown remarkable flexibility despite widespread market pressures, recovering from recent improvement to establish support above $ 3.10. This recovery comes in the form of a symmetric triangular pattern, which suggests capacity for 40% value movement in any direction, in which current indicators bends towards the speed of speed.
technical analysis
• Ton-USD demonstrated notable instability during a 24-hour period, established a trading range of 0.117 (3.7%).
• Price action formed a clear V-shaped recovery pattern after reaching the peak of $ 3.21 before the price action corrects $ 3.10.
• Strong volume support emerged at the level of $ 3.11, where several hours per hour appeared to buy pressure in candles.
• The recovery phase showed increasing speed with high climbing, with a clear uptrend channel.
• Price suggested consolidation with reducing the level of $ 3.15.
• In the last hour, the ton-USD increased from $ 3.12 to $ $ 3.15, represents a 1.8% profit.
• A decisive breakout occurred when the value entered $ 3.14 resistance level with strong volume confirms.
• The technical structure, combined with a decrease in sales pressure in the final minutes, suggests the possible continuity of the uptrend if the newly established support is at $ 3.15 hold.
