{"id":125173,"date":"2025-03-16T13:20:41","date_gmt":"2025-03-16T13:20:41","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125173"},"modified":"2025-03-16T13:20:41","modified_gmt":"2025-03-16T13:20:41","slug":"toncoin-in-great-entry-zone-as-pavel-durovs-france-exit-fuels-ton-price-rally","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125173","title":{"rendered":"Toncoin in 'great entry zone' as Pavel Durov's France exit fuels TON price rally"},"content":{"rendered":"

Source: Cointelegraph.com NewsToncoin (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
\nTON\u2019s 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.
\nTON is eyeing a 100% rally in 2025
\nAs Crypto Patel notes, TON\u2019s price has \u201cperfectly bounced\u201d from its support level of around $2.50.
\nFurthermore, 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 \u201cgreat entry zone,\u201d citing TON\u2019s ongoing rebound from the same range.
\nTON\/USDT weekly price chart. Source: TradingView\/Crypto Patel A decisive rebound from the $2.40-3.00 zone could have TON target its prevailing descending trendline resistance in the coming weeks, which may push its price toward $5 by June or July.
\nRelated: Wallet in Telegram to list 50 tokens and launch yield program
\nThe upside outlook aligns with analyst Profit Mind\u2019s falling wedge setup, which anticipates the Toncoin price to grow toward the $6 upside target if it breaks above the wedge\u2019s upper trendline.
\nTON\/USDT daily price chart. Source: TradingViewFalling wedges typically resolve when the price breaks above the upper trendline and rises by as much as the pattern\u2019s maximum height.
\nAnalyst Crypto Billion further anticipates a bullish reversal in TON markets, citing its oversold relative strength index (RSI) as a primary catalyst for potential long-term accumulation.
\nSource: Crypto BillionToncoin\u2019s Sharpe ratio, a financial metric used to measure an asset\u2019s risk-adjusted returns, further indicates oversold conditions in the TON market.
\nAs of March 16, the 180-day average ratio had dropped below -25, as denoted in blue. In the past, TON has undergone bullish reversals largely when its Sharpe ratio turned blue, as seen in late 2022 and mid-2023.
\nTON Sharpe ratio (180 days). Source: CryptoQuantTON shorts remain dominant
\nIn the derivatives market, Toncoin is witnessing a resurgence in its open interest (OI) \u2014\u00a0a metric tracking the total number of unsettled TON contracts such as options and futures.
\nAs of March 16, TON\u2019s OI was around $169.12 million, compared to $80.75 million just five days prior.
\nTON Futures\u2019 OI and funding rates. Source: CoinGlassOn the flip side, TON\u2019s weekly funding rates are treading around negative territory \u2014\u00a0they marginally rose into positive territory after plunging to -0.678% earlier on March 16.
\nWhen funding rates turn negative as OI rises, it often reflects bearish sentiment with aggressive shorting. The 30-day liquidation map tracking TON\/USDT on Bybit risks nearly $10 million in long liquidations if the Toncoin price falls toward $2.54.
\nBybit TON\/USDT 30-day liquidation map (as of March 16). Source: CoinglassConversely, the same liquidation map reveals that approximately $12 million worth of short positions could be at risk if TON surpasses the $4 mark.
\nIf this scenario plays out, the cascading effect of forced buybacks could accelerate Toncoin\u2019s upward momentum, sending the price to the aforementioned levels.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsToncoin (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… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125173"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125173"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125173\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125173"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}