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TON Rises 2% as Short-Term Uptrend Pattern Emerges
Volume spike and strategic buying patterns suggest strong bullish momentum as TON breaks key resistance levels.
What to know:
- Toncoin is showing bullish momentum with a solid uptrend and significant volume support.
- The token has gained 1.5% in the last 24 hours, contrasting with the CoinDesk 20 index's 0.4% decline.
- Key technical levels include higher lows at $2.80, $2.81 and $2.83, with a resistance breakthrough at $2.85.
In this article
Toncoin
is demonstrating bullish momentum on the short-term, with price action forming a solid uptrend pattern and significant volume support, according to CoinDesk Research’s technical analysis model. The token is up 1.5% in the last 24 hours.The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, exchange coins and memecoins — lost 0.4% over the same period.
STORY CONTINUES BELOW
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Technical Analysis
• Higher lows established at $2.80, $2.81 and $2.83, confirming uptrend structure.
• Resistance breakthrough at $2.85 on exceptional volume.
• Strong support at $2.82 confirmed during multiple retests.
• A 0.71% gain to $2.86 with decisive breakout.
• Peak volume exceeded 69,000 units, confirming strong buying pressure.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
CD Analytics
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy.
Tom Carreras
Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor's degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk's disclosure threshold of $1,000.
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