Bitcoin Trades Sideways Despite Positive Inflation Data and Successful US-China Trade Deal
TON Rises 4.1%, Suggesting Further Upside Potential
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BTC
$109,135.66
+
1.31%
ETH
$2,741.03
+
7.15%
USDT
$1.0001
–
0.05%
XRP
$2.2812
–
0.14%
BNB
$661.99
+
0.60%
SOL
$158.16
+
1.67%
USDC
$0.9997
–
0.01%
DOGE
$0.1915
+
3.01%
TRX
$0.2924
+
3.20%
ADA
$0.6986
+
2.50%
HYPE
$40.28
+
6.32%
SUI
$3.4331
+
2.35%
LINK
$15.47
+
9.59%
AVAX
$22.03
+
3.66%
XLM
$0.2770
+
2.92%
BCH
$429.79
+
2.04%
TON
$3.3208
+
1.57%
LEO
$8.8676
–
3.90%
SHIB
$0.0₄1303
+
2.93%
HBAR
$0.1799
+
4.35%
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Jun 10, 2025, 3:35 p.m.
- The Open Network (TON) cryptocurrency rose 4.1% in the last 24 hours, forming a clear uptrend with higher lows and highs.
- TON’s price peaked at $3.39 after breaking through resistance levels on high trading volume.
- Recent consolidation near $3.35 suggests profit-taking, but the uptrend remains intact with strong support at $3.27.
The Open Network (TON) cryptocurrency has demonstrated strong momentum, rising 4.1% in the last 24 hours, according to CoinDesk Research’s technical analysis model. The price action formed a clear uptrend with higher lows and higher highs, breaking through key short-term resistance levels on high trading volume before consolidating near $3.35.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding exchange coins, memecoins and stablecoins — is up 3.7% in the same period of time.
STORY CONTINUES BELOW
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Technical Analysis
• TON climbed from $3.20 to a peak of $3.39, representing a 6.03% increase.
• Price formed a clear uptrend with higher lows and higher highs, culminating in a powerful breakout.
• Trading volume spiked to 5.77M during the breakout, significantly above the 24-hour average.
• Strong support established at $3.27, confirmed by multiple bounces with above-average volume.
• Resistance at $3.33 was decisively broken on high volume, suggesting further upside potential.
• Recent consolidation near $3.35 after the rally indicates profit-taking but maintains most gains.
• In the last hour, TON experienced volatility with a 1.24% correction from $3.38 to $3.34.
• Support emerged around $3.33, tested multiple times with decreasing volume.
• Final trading period showed signs of consolidation between $3.34-$3.35, though with diminishing volume.
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.
