Toncoin Price Rallies Despite Market Uncertainty
This week, the crypto market saw mixed emotions as leading assets struggled with bearish trends, but Bitcoin and some altcoins rebounded. Toncoin (TON) stood out, gaining 2.99% to trade at $5.72, despite earlier volatility.
Impact of Pavel Durov's Arrest
Toncoin dropped sharply after Telegram co-founder Pavel Durov was arrested in France on August 25, hitting a low of $4.44. However, it quickly recovered after his release, reclaiming the $5 level.
Toncoinâs Weekly Surge
Over the past week, Toncoin surged 22.95%, rising from $4.61 to current levels. Indicators like the 9-day moving average and RSI suggest continued bullish momentum.
Despite network block outages caused by the launch of a memecoin, DOGS, Toncoin's overall trend remains positive.
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