Today, on March 16, 2025, Toncoin (tone) made waves on the cryptocurrency market after the exit of the founder of Telegram, Pavel Durov, from France. While the main assets find it difficult to grow, Ton has challenged the market trend, recording a significant price increase of 16% in the last 24 hours.
Reason behind TonCoin (ton)
The assets experienced a significant drop in prices in the past after the arrest of Pavel in France on August 24, 2024. The data reveal that during this period, Ton lost almost 35% of its earnings, its price falling from $ 6.88 to $ 4.44 by September 2024.
However, the assets found a certain optimism after Pro-Crypto Donald Trump won the American presidential election, leading to a significant increase that brought its price to $ 7.20. However, due to economic tensions and trade wars, the global feeling in the cryptographic landscape has moved.
With other active ingredients, Ton experienced a drop in prices of more than 65%, reaching a hollow of $ 2.36 on March 11, 2025.
Current Momentum of prices and levels
Currently, your negotiates nearly $ 3.35 and has jumped more than 16% in the last 24 hours. During the same period, the assets attracted traders and investors, leading to significant participation and an increase of 260% of the volume of trade.
With this increase in the price of tone, the asset has reached a crucial level of resistance of $ 3.50 and seems to have trouble drilling.
Based on the action of recent prices and historical models, if you violate this resistance and closes a daily candle greater than $ 3.50, there is a strong possibility that it can continue to increase, which can gain an additional 25% to reach the level of $ 4.80 in the near future.
