Will TON Rebound After a 25% Plunge Following Durov's Arrest? 🤔
Toncoin ($TON ) experienced a significant price drop of 25% to $5.24 following the arrest of Telegram CEO Pavel Durov by French authorities, leading to widespread panic selling.
Despite the initial decline, market analysis suggests that TON may be set for a strong #rebound , similar to Binance Coin (BNB) after former Binance CEO Changpeng Zhao's sentencing. TON has bounced from a key support level within an ascending channel, and its RSI indicates it may be nearing a consolidation or rebound phase.
Additionally, rising open interest and funding rates in the futures market signal growing trader #confidence , suggesting a potential price increase towards $8.50.
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