TON Surges 3.7% in V-Shaped Recovery After Finding Strong Support at $3.11

Geopolitical tensions and ongoing commerce disputes between main economies create market volatility, with conventional monetary markets exhibiting correlation to crypto actions.

The cryptocurrency market continues to navigate uneven waters amid escalating international financial uncertainties. TON, the native token of The Open Network, has proven outstanding resilience regardless of broader market pressures, recovering from a latest correction to ascertain help above the $3.10 degree. This restoration comes as a symmetrical triangle sample suggests potential for a 40% value motion in both path, with present indicators leaning towards bullish momentum.

Technical Analysis

• TON-USD demonstrated outstanding volatility over the 24-hour interval, establishing a buying and selling vary of 0.117 (3.7%).

• Price motion fashioned a transparent V-shaped restoration sample after reaching a peak of $3.21 earlier than correcting to $3.10.

• Strong quantity help emerged at the $3.11 degree the place shopping for strain appeared throughout a number of hourly candles.

• Recovery section confirmed growing momentum with greater lows forming a transparent uptrend channel.

• Price reclaimed the $3.15 degree with lowering quantity suggesting consolidation.

• In the final hour, TON-USD surged from $3.12 to $3.15, representing a 1.8% achieve.

• A decisive breakout occurred when value penetrated the $3.14 resistance degree with sturdy quantity affirmation.

• Technical construction, mixed with lowering promoting strain in the ultimate minutes, suggests potential continuation of the uptrend if the newly established help at $3.15 holds.