Toncoin $TON has staged a sharp recovery, surging 3% in the past 24 hours to trade at $3.53 as of 7 a.m. EST. This price action comes despite a 36% drop in trading volume to $242 million.
The bullish momentum coincides with the return of Telegram founder Pavel Durov to Dubai after months in France under legal restrictions. His travel ban had been linked to an ongoing investigation into alleged criminal activities on Telegram. With the probe still active, Durov thanked his legal team and colleagues for proving Telegram’s commitment to moderation and security.
$TON Breaks Out of Bearish Channel – What’s Next?
#TONUSDT has now broken out of its prolonged bearish channel, signaling a possible trend reversal. It touched an intraday high of $3.571 and found support at $3.403, with increased buying pressure pushing prices higher.
Key Resistance Levels: $4.00 → $5.50 → $6.00
Bullish Target: $7.00 if momentum holds
Support Zone: $2.50 – $2.80
The Relative Strength Index (RSI) has climbed to 56.50, reflecting growing buying strength, while the 50-day Simple Moving Average (SMA) remains a key hurdle. If TON breaks above the 50 SMA, it could confirm a stronger upside move.
Traders are now watching if #TONCOİN sustain levels above $3.50 and test $4.00. A successful push past $4.00 could open the door to further gains (via BingX chart), while a failure to hold support might trigger a pullback.
Solaxy #SOLX Presale Hits $27M Next 100x Crypto?
Meanwhile, Solaxy (SOLX), a new Layer-2 solution for Solana, has raised over $26.8 million in its presale. With Solana facing congestion from meme coin hype especially after the launch of #TRUMP and #MELANIA tokens Solaxy aims to optimize transactions and improve network efficiency.
Why Investors Are Eyeing SOLX:
Faster Transactions: Processes off-chain transactions before settling on Solana
Interoperability: Links Solana with Ethereum for seamless Web3 scaling
Staking Rewards: Current APY at 152%, with over 7 billion SOLX staked
At $0.001666 per token, SOLX is expected to increase in price within 6 hours, making it a potential breakout asset. Crypto analysts, including 99Bitcoins, suggest it could soar 100x post-launch.
