TON Surges 2.7% on Massive Volume Before Sharp Reversal

TON Surges 2.7% on Massive Volume Before Sharp Reversal

TON-USD climbed from $3.156 to $3.24, showing remarkable strength with a 2.66% gain during a powerful breakout supported by high trading volume, according to CoinDesk Research’s technical analysis model. The cryptocurrency found support near the $3.19-$3.20 zone, forming a potential short-term double bottom pattern that could serve as a level for continuation of the broader uptrend.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 1.1% in the last 24 hours.
Technical Analysis
• TON-USD demonstrated remarkable strength over the 24-hour period, climbing from $3.15 to a peak of $3.24, representing a range of $0.08 (2.66%).
• The price action formed a clear uptrend with higher lows and higher highs, culminating in a powerful breakout with the highest volume of the period (5.46M).
• Key support established at $3.15-$3.16 held firmly during multiple tests, while resistance at $3.20 was de

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We współpracy z: https://www.coindesk.com/markets/2025/06/09/ton-surges-27-on-massive-volume-before-sharp-reversal

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