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3 hours ago
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Volume spike and strategic buying patterns suggest strong bullish momentum as TON breaks key resistance levels.
Jun 27, 2025, 2:49 p.m.
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.
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.
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.
