Toncoin (TON) – one of the most prominent altcoins of 2024 – marked a spectacular price increase from $2 to $8. However, this trend was interrupted when Telegram CEO Pavel Durov was arrested in France, causing TON to fall to $5.25.

According to CryptoQuant analyst JA Maartun, TON’s trading activity is declining, which could signal a new bull run ahead. “More cautious investors may start to take an interest in TON, along with the strong participation of whales in recent times,” he said.

The Toncoin blockchain has also attracted attention with the development of decentralized applications (dApps) and the "Touch-to-Earn" (T2E) craze. Experts predict that this network activity will help TON maintain its growth momentum, and an all-time high price may not be far away.

If TON breaks above the $5.3 resistance, it could quickly move towards $5.45 and continue its rally to $5.55. Investors should pay attention to these milestones in the short term to capture the opportunity to profit from Toncoin.

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