TON Rises 2% as Short-Term Uptrend Pattern Emerges

Toncoin TON 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 .

Source: CoinDesk