Pray, What to Know:
- In a most astonishing turn of events, the TON cryptocurrency has experienced a veritable explosion in its value, ascending from a modest $3.00 to a rather impressive $3.27, thus establishing a 24-hour range of 9.7%, as per the esteemed CoinDesk Research’s technical analysis data model.
- It is with great fanfare that we announce the appointment of the former Visa executive, Mr. Nikola Plecas, as the new vice president of payments for the TON Foundation, tasked with the noble endeavor of shaping and executing a strategy for payment infrastructure. One can only hope he brings a touch of elegance to the proceedings!
- In a rather audacious move, the Trump Media and Technology Group has confirmed a capital raise of $2.5 billion to procure Bitcoin, which may indeed create a most favorable environment for altcoins such as our dear TON. How delightful! 💰
Such remarkable price action has been accompanied by extraordinary trading volume—approximately tenfold the average during peak hours, with steadfast support forming at the $2.97-$2.98 mark and a new resistance established at $3.27. One must marvel at the audacity of the market! 😏
The most dramatic of movements transpired within a mere two minutes, as TON soared from $3.18 to $3.29, with a volume exceeding 2.1 million in a single minute. This demonstrates a most powerful buying momentum, despite some rather hasty profit-taking by the more cautious investors. How very intriguing! 📈
Technical Analysis Highlights
- A price consolidation pattern was observed between $2.97-$3.04 for the majority of the period before a most exhilarating breakout.
- Strong support was established at $2.97-$2.98, with multiple tests throughout the period—truly a testament to its resilience!
- A new resistance at $3.27 suggests the potential for continued upward momentum, should the stars align favorably.
- An extraordinary spike in volume was noted, with figures of 19.7 million and 15.4 million in consecutive hours—approximately tenfold the period’s average. How splendid!
- A clear ascending channel has formed, showcasing higher lows on the hourly chart, much like a well-bred gentleman rising in society.
- The most dramatic price action occurred between 10:53 and 10:55, with TON soaring from $3.18 to $3.29—what a spectacle!
- In a single minute, volume exceeded 2.1 million—nearly twenty times the average minute volume for the period. One can hardly keep up!
- As the final minutes approached, some profit-taking emerged, leading to a retracement to $3.27. Ah, the fickle nature of fortune!
External References
- “TON Foundation hires former Visa executive to lead payments strategy”, Cointelegraph, published May 28, 2025.
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2025-05-28 17:29