#TONRally
TONRally
Pavel Durov was granted permission to leave France, and the price of TON skyrocketed by 50% in a week.
Let me remind you, in the summer of 2024, the founder of Telegram was detained in France on suspicion of aiding cyber fraud, money laundering, drug distribution, and possession of child pornography😱 All the accusations are based on the fact that the Telegram messenger allows users to remain anonymous and transfer cryptocurrency, and Durov continues to refuse to cooperate with the authorities. These facts contribute to the use of Telegram for criminal activities.
Recently, the court allowed him to leave the country for a few weeks, and Durov flew to Dubai. However, the charges have not yet been dropped.
In response to this news, the price of TON rose to 3.6
Let's take a look at the chart:
- the RSI has exited the oversold zone but is still rising. 54.79 - neutral zone, may indicate a continuation of the rise.
- the price bounced off the support line at ~2.5 but stopped at a strong resistance line at 3.6. This resistance has been tested at least three times in the last 3 days, but has not yet been broken.
- if the resistance at 3.6 is broken, analysts predict a rise to 6 😮🤗
- however, right now, a divergence is clearly visible on the 4-hour chart, indicating a decrease in momentum and a correction. Just a correction or a reversal?
Observing 👇
3.391
-0.38%
