What to know:
- Telegram’s cryptocurrency, TON, has taken a nosedive of 4.67% today, as if it were auditioning for a tragedy! 🎭
- In the last 24 hours, the token has plummeted 3%, with a new resistance level forming at $3.24—like a stubborn wall refusing to budge! 🧱
- But wait! A glimmer of hope as prices crawled from $3.19 to $3.20, a whopping 0.4% gain! 🎉
Ah, the saga of Telegram’s cryptocurrency, TON! It finds itself in a tempest of selling pressure, as if the market were a cruel master, according to the wise sages at CoinDesk Research. 📉
Today, the token saw a dramatic drop to $3.15, a 4.67% decline on a volume that could drown a ship—3.65 million! Yet, like a phoenix, it attempts to rise from the ashes, facing a new resistance at $3.24. 🦅
In the last 24 hours, the token has been on a rollercoaster, down 3%. Meanwhile, the CoinDesk 20, that illustrious index of the top 20 cryptocurrencies, has also lost 3.2%. What a day for the crypto world! 🎢
Technical Analysis
• A critical support zone has been established around $3.15-$3.16, confirmed by trading volume that could fill a stadium! 🏟️
• The steepest drop of 4.67% on such high volume signals a selling frenzy that would make even the bravest investor shudder! 😱
• Resistance at $3.24 is like a stubborn bouncer at a club, refusing entry to the party of gains, while the overall trend remains as gloomy as a rainy day. ☔
• A recovery pattern was observed, with prices inching up from $3.19 to $3.20—like a tortoise in a race! 🐢
• A sharp sell-off saw the price dip to $3.18, but it quickly found support, initiating a strong upward trajectory—talk about a comeback! 💪
• A new resistance level at $3.21 has emerged, with profit-taking pushing prices back to the $3.20 range, where they seem to be having a little party of their own! 🎊
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2025-06-12 18:09