Toncoin (TON) has surged by over 50% in the past week, fueled by news that Telegram founder Pavel Durov has been granted permission to leave France for Dubai.
TON/USDT weekly price chart. Source: TradingView
TON’s bullish reversal, especially after falling to $2.35, its lowest level in a year, has traders eyeing key price levels, with crypto analyst Crypto Patel highlighting a “great entry zone” for long-term investors.
TON is eyeing a 100% rally in 2025
As Crypto Patel notes, TON’s price has “perfectly bounced” from its support level of around $2.50.
Furthermore, the support falls inside the $2.40-3.00 area that served as resistance in December 2022-April 2023 and September 2023-April 2024 periods. The analyst argues that the area now served as a “great entry zone,” citing TON’s ongoing rebound from the same range.
TON/USDT weekly price chart. Source: TradingView/Crypto