- Toncoin’s price increase is powered by technical strength and the positive development around Telegram founder Pavel Durov.
- If tone retains his momentum, the course can achieve $ 5 by the middle of the year, which would be a good long -term investment chance.
Toncoin (sound) experienced a remarkable increase of over 50 % last week and attracted the attention of investors and analysts alike. As CNF reported, the sound system remains optimistic, with price forecasts up to $ 19.
Pavel Durov’s legal developments
Durov’s departure from France takes place in the middle of an ongoing examination of allegations that Telegram has supported illegal activities, including drug trafficking and terrorism.
After his arrest in August 2024 near Paris, Durov was formally investigated, but no charges were raised. He deposited a deposit of 5 million euros and was initially not allowed to leave France. However, the latest reports confirm that he can now travel to Dubai.
Technical outlook for Toncoin
According to the recent updates from Binance, the sound course has recovered from a technical point of view from the $ 2.35 support, which has marked the deepest stand for a year. Analysts refer to the range of $ 2.40 to $ 3.00 as a great entry zone for long -term investors.
If sound keeps his swing, he could target the resistance of the descending trend line, which could drive the price in the direction of $ 5 by mid -2025.
Toncoin’s market position and future forecasts
It is also worth noting that the latest rally from Toncoin led him past the market capitalization to Stellar (XLM), which is a sign of the growing trust of investors and increasing acceptance.
Despite the impressive growth, the market mood remains mixed, and technical indicators indicate potential volatility in the future. However, analysts remain optimistic. Some predict that sound could reach a price of $ 3.68 by March 19, 2025, which corresponds to an increase of 30.3 % compared to the current course. If the upward dynamics last, Toncoin could experience further outbreaks in the coming months.
According to the data from CoinmarketCap, sound is currently being traded at $ 3.44, which means a decrease of 0.44 % over the past day, but an impressive increase of 28.07 % in the last week.
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