#TONRally

TON's price rebounded following months of downward price action due to the US post-election hype dying down and macro fears setting in.

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.

Toncoin has surged by over 50% in the past week, fueled by news that Telegram founder Pavel Durov has been granted permission to leave France for Dubai.

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.

decisive rebound from the $2.40-3.00 zone could have TON target its prevailing descending trendline resistance in the coming weeks, which may push its price toward $5 by June or July.