#TONRally

Toncoin in 'great entry zone' as Pavel Durov's France exit fuels TON price rally

TON price may rise toward the $5-6 range next as it bounces sharply from its lowest levels in a year following Pavel Durov's exit from France, technicals suggest.

TON is eyeing a 100% rally in 2025

As Crypto Patel notes, TON’s price has “perfectly bounced” from its support level of around $2.50.

Furthermore, the support falls inside the $2.40-3.00 area that served as resistance in December 2022-April 2023 and September 2023-April 2024 periods. The analyst argues that the area now served as a “great entry zone,” citing TON’s ongoing rebound from the same range.

TON shorts remain dominant

In the derivatives market, Toncoin is witnessing a resurgence in its open interest (OI) — a metric tracking the total number of unsettled TON contracts such as options and futures.

As of March 16, TON’s OI was around $169.12 million, compared to $80.75 million just five days prior.