What to know:
- Ah, TON, the darling of Telegram! It’s had a rather theatrical bearish-to-bullish reversal, stabilizing at a charming $3.25 after a dramatic selloff. 🎭
- The CoinDesk 20 index, bless its heart, has pranced up by 2.5% in the last 24 hours. Bravo! 👏
- Our dear TON has found its key support at $3.25, while resistance is playing hard to get at $3.28, all amidst a flurry of trading volumes. 💃
In the latest act of this financial farce, TON, the cryptocurrency linked to our beloved Telegram, has performed a short-term bearish-to-bullish reversal. It found its footing at $3.25 after a rather significant selling pressure that triggered a volume spike of over 152K in a single hour. Quite the spectacle, wouldn’t you agree? 🎉
The CoinDesk 20 — an index of the top 20 cryptocurrencies, excluding those pesky stablecoins, memecoins, and exchange coins — has decided to join the party, rising by 2.5% in the last 24 hours. How delightful! 🥳
Technical Analysis
• The price took a little tumble from $3.33 to $3.26, a 2% decrease over 24 hours. Oh dear! 😱
• A significant volume-driven selloff saw the price drop sharply to $3.26 on a staggering 8.23 million volume — nearly triple the 24-hour average. Talk about a dramatic exit! 🎭
• Key support emerged at $3.22-$3.22, with high-volume resistance at $3.34-$3.35. It’s a real tug-of-war! 🤼♂️
• The 4-hour moving average continues to trend downward, hinting at potential further weakness. A bit of a gloomy forecast, I must say. ☁️
• A bearish-to-bullish reversal pattern was observed in the last hour, with the price dropping to $3.25 before making a valiant recovery to $3.26. Bravo, TON! 🎉
• The $3.25-$3.25 zone has established itself as a potential key short-term support level. A safe haven, perhaps? 🏰
• Resistance remains at $3.28-$3.28, where selling pressure intensified earlier. The drama continues! 🎬
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2025-06-11 19:10