$TON Coin would reach $1 soon due to the reasons:
- Toncoin (TON) experienced an 8% price surge within an hour following Telegram founder Pavel Durov's relocation to Dubai, which resolved legal challenges he faced in France.
- Durov, who was arrested in August 2024 over alleged criminal activities associated with Telegram, posted a $6 million bail but remained under travel restrictions until March 2025.
- His unexpected move to Dubai reignited optimism for TON, which is closely linked to Telegram’s ecosystem. Despite a 46% decline over the past 90 days, TON maintained support within an ascending channel at $2.90.
- The recent price increase pushed it above the 150-day moving average ($3.30), with the 100-day moving average ($3.91) now acting as the next resistance level. - A clear breakout above $3.91 could potentially drive the price toward $5, while a drop below $3.30 might lead to a period of consolidation.
