Toncoin $TON recently surged by 20% following Telegram founder Pavel Durov's departure from France to Dubai, sparking renewed market interest. This development led to a 67% increase in open interest, signaling heightened trader activity.

Toncoin also broke out of a falling wedge pattern, and analysts predict a potential rise to $4.60 if the momentum persists. However, risks remain, as a drop back to $3 could lead to major liquidations. This price movement highlights the significant influence of Durov's legal situation on Toncoin's market performance.

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