What the Heck? TON Soars 3% While the Rest Flails! 😏

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What to know:

  • Toncoin (TON) decided to flex its muscles, rallying a whole 3%, clutching at support around $3.17-$3.18 — because apparently, it’s got a backbone.
  • The trading volume skyrocketed — over 6.6 million — nearly tripling the usual 24-hour hustle, smack dab at resistance at $3.25. Volume: the only thing that’s actually working these days.
  • Meanwhile, the CoinDesk 20 index took a nosedive of 1.7%, proving once again that when the market sneezes, everyone catches a cold.

Oh, Toncoin — the daring hero of the hour — strutted up 3%, flaunting resilience like a Soviet soldier in battle. CoinDesk’s technical analysis claims it’s got “strength,” but really, it’s just playing dead pretend. The price danced close to $3.25, then retreated, support holding firm at the $3.17-$3.18 zone — a safety net for those who refuse to admit defeat.

Meanwhile, the grand CoinDesk 20 — the boys and girls who got the biggest market cap and snubbed memecoins like they’re last season’s fashion — are down 1.7%, arguably trying to hide from the storm. Truly, it’s a lesson in how markets love to keep us on our toes (or on the floor). 😅

Technical Analysis

• TON boldly surged from $3.16 to $3.25 — a whole 3% of sheer audacity, or perhaps just luck.

• The volume exploded — over 6.6 million trades — nearly three times the norm, establishing that resistance at $3.25 is no walk in the park, more like a sprint through a minefield.

• Support was tested multiple times at $3.17-$3.18, and surprisingly, it held — like a stubborn mule refusing to give in.

• Last hour brought volatility, a quick slide from $3.25 to $3.22 — heavy selling pressure, or just the market showing its dramatic flair.

• A brief revival at 3.215, followed by a gentle step back to 3.222, hints at a cautious consolidation — or maybe just the market’s version of a coffee break.

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2025-06-05 18:03