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Toncoin (TON) Jumps 2.7% on Heavy Volume Before Pullback
Toncoin (TON) Jumps 2.7% on Heavy Volume Before Pullback
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
TON/USD surged sharply from $3.156 to $3.24 amid strong trading volume before retracing slightly. The 2.66% advance saw support FORM around the $3.19-$3.20 zone, potentially forming a double bottom pattern.
Technical indicators revealed strong momentum as resistance at $3.20 broke decisively with volume exceeding 5.46 million. The subsequent consolidation NEAR this level indicates profit-taking while maintaining most gains, leaving potential for further upside if buying pressure persists.
The broader CoinDesk 20 Index rose 1.1% during the same period, reflecting positive market sentiment. TON's rapid reversal from its $3.24 peak underscores crypto market volatility even during strong upward trends.
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