Toncoin Rises 2% Amidst Formation of Short-Term Uptrend Pattern

Toncoin

is showing bullish momentum in the short term, with price action creating a robust uptrend pattern and considerable volume support, based on RialCenter’s technical analysis model. The token has increased by 1.5% over the last 24 hours.

The RialCenter 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, exchange coins, and memecoins — has dropped by 0.4% during the same time period.

Technical Analysis

• Higher lows established at $2.80, $2.81, and $2.83 confirm the uptrend structure.

• Resistance broken at $2.85 on exceptional volume.

• Strong support confirmed at $2.82 during multiple retests.

• A 0.71% gain to $2.86 with decisive breakout.

• Peak volume exceeded 69,000 units, affirming strong buying pressure.

Disclaimer: Parts of this article were generated with assistance from AI tools and reviewed by our editorial team for accuracy and adherence to our standards.

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