Toncoin (TON) price plunged on August 25, falling 25% to $5.24 after Telegram CEO Pavel Durov was arrested by French authorities. Durov's importance in the TON ecosystem has led to panic selling in the market. However, I think there is a possibility of a reversal, similar to the strong rebound of Binance Coin (BNB) after facing similar circumstances. Technical indicators also show that TON may rebound from the current support level and may even rise to $8.50 in the future. In addition, futures market data also reveals that market confidence is recovering, which makes me more confident that TON may usher in a wave of rebound.
