#TONRally Toncoin (TON) spiked 8% in an hour after Telegram founder Pavel Durov relocated to Dubai, resolving legal hurdles in France. Arrested in August 2024 over alleged criminal activity linked to Telegram, Durov posted $6M bail but faced travel restrictions until March 2025. His sudden exit revived hopes for TON, tied to Telegram’s ecosystem.
Despite a 46% plunge in 90 days, TON held ascending channel support at $2.90. The recent surge lifted it above the 150-day MA ($3.30), with the 100-day MA ($3.91) as the next resistance. A decisive break above $3.91 could fuel a rally toward $5, while losing $3.30 might trigger consolidation.
Traders monitor whether bullish momentum holds, balancing technicals and shifting sentiment.
Disclaimer: Not financial advice. Conduct your own research before investing.
