BTC
$109,721.06
+
0.71%
ETH
$2,863.86
+
4.98%
USDT
$0.9999
–
0.02%
XRP
$2.3260
+
2.04%
BNB
$669.43
+
1.27%
SOL
$167.19
+
5.73%
USDC
$0.9996
–
0.01%
DOGE
$0.2032
+
6.27%
TRX
$0.2894
–
0.84%
ADA
$0.7254
+
4.32%
HYPE
$43.54
+
8.54%
SUI
$3.5117
+
1.86%
LINK
$15.61
+
3.46%
AVAX
$22.57
+
3.01%
BCH
$444.35
+
3.55%
XLM
$0.2825
+
2.40%
LEO
$9.0230
+
1.57%
TON
$3.2933
–
0.91%
SHIB
$0.0₄1358
+
4.49%
HBAR
$0.1795
+
0.04%
By CD Analytics, Tom Carreras|Edited by Aoyon Ashraf
Updated Jun 11, 2025, 3:34 p.m. Published Jun 11, 2025, 3:28 p.m.
- TON, the cryptocurrency linked to Telegram, experienced a bearish-to-bullish reversal pattern, stabilizing at $3.25 after a significant selloff.
- The CoinDesk 20 index increased by 2.5% in the last 24 hours.
- Key support for TON has been identified at $3.25, with resistance at $3.28, amid high trading volumes.
TON, the Telegram-linked cryptocurrency, saw a short-term bearish-to-bullish reversal pattern in recent trading, finding key support at $3.25 after significant selling pressure triggered a volume spike of over 152K in a single hour, according to CoinDesk Research’s technical analysis model.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 2.5% in the last 24 hours.
STORY CONTINUES BELOW
Technical Analysis
• Price declined from $3.33 to $3.26, representing a 2% decrease over 24 hours.
• Significant volume-driven selloff saw price drop sharply to $3.26 on 8.23 million volume — nearly triple the 24-hour average.
• Key support emerged at $3.22-$3.22, with high-volume resistance at $3.34-$3.35.
• The 4-hour moving average continues to trend downward, indicating potential further weakness.
• Bearish-to-bullish reversal pattern observed in the last hour with price dropping to $3.25 before recovering to $3.26.
• The $3.25-$3.25 zone has established itself as a potential key short-term support level.
• Resistance remains at $3.28-$3.28 where selling pressure intensified earlier.
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.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
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.
