#TONRally Toncoin (TON), the native cryptocurrency of The Open Network, has experienced a significant price surge recently. Following the news that Telegram founder Pavel Durov was granted permission to leave France after months of legal constraints, TON's price jumped over 6% and has continued its upward trajectory.

As of March 16, 2025, TON is trading at approximately $3.558, reflecting a 21.64% increase after reaching a 24-hour high of $3.602. This surge has propelled Toncoin to overtake Stellar (XLM) in market capitalization, highlighting its growing prominence in the crypto market.

Technical analysis suggests that TON has formed an ascending triangle pattern, a bullish indicator that could lead to further gains. If TON breaks above the $3.37 resistance level and closes above $3.40, it could potentially rally by up to 15%, reaching targets around $3.80.