TON Price: Surge Following Pavel Durov’s Departure from France, $4.60 Next?

Toncoin (TON) has emerged as one of the most bullish cryptocurrencies, maintaining a strong upward trend since its launch. Analysts predict a potential 200% price surge if it continues on its current trajectory.

Read Toncoin Price Prediction for more detailed insights

Key Indicators of Growth

TON recently formed a weekly top at $4.8, and analysts highlight this level as crucial for a breakout. If the price sustains momentum above this point, it could climb towards key resistance levels between $12 and $20. Unlike many cryptocurrencies, TON often trades independently of broader market trends, making it an attractive option for traders seeking high-growth opportunities.

Market data also supports this bullish outlook. CoinGlass reports a 67% surge in open interest, reaching $169 million, the highest since February. Open interest, which tracks active derivative contracts, indicates growing trader participation and confidence in TON’s future price movement.

On-chain data from Dune Analytics shows a sharp rise in daily TON transactions, with a notable spike on March 13, just before the announcement of Telegram founder Pavel Durov’s travel permission.

Also Read: ICP Price Prediction 2025, 2026 – 2030

Durov’s Influence on TON

Durov’s legal issues have historically impacted TON’s price. In August 2024, his arrest led to a 32% spike in open interest, but the token lost 12% in value. This pattern suggests TON is highly sensitive to developments related to Telegram, the messaging platform that integrates with The Open Network (TON).

While TON is currently rallying, risks remain. A drop to $3 could liquidate $18.8 million in long positions. Additionally, reports suggest 96% of TON holders are still at a loss, highlighting the token’s volatility.

Despite these challenges, Toncoin continues to gain attention, with experts monitoring its next move closely. If bullish momentum persists, TON could see significant price gains in the coming weeks.