Today, March 16, 2025, Toncoin (TON) Is Making Waves in the Cryptocurrency Market

Today, March 16, 2025, Toncoin (TON) is making waves in the cryptocurrency market following the release of Telegram founder Pavel Durov from France.

Today, March 16, Toncoin (TON) is making headlines in the cryptocurrency market following the release of Telegram founder Pavel Durov from France. While major assets like Bitcoin and Ethereum are struggling to gain momentum, TON has defied the market trend, registering a significant 16% price surge in the past 24 hours.

The asset experienced a notable price decline after Pavel was arrested in France on August 24. Data from crypto exchange Binance shows that during that period, TON lost almost 35% of its gains, dropping from $6.88 to $4.44 by September 2.

However, the asset regained some optimism after pro-crypto Donald Trump won the U.S. Presidential Election, leading to a significant surge that pushed its price to $7.20. But due to economic tensions and trade wars, overall sentiment in the crypto landscape shifted.

Along with other assets, TON witnessed a price drop of over 65%, hitting a low of $2.36 on March 11.

Currently, TON is trading near $3.35 and has surged over 16% in the past 24 hours. During the same period, the asset attracted traders and investors, leading to significant participation and a 260% jump in trading volume.

This surge in price has also brought TON to a crucial resistance level of $3.50, which it seems to be struggling to break through.

According to recent price action and historical patterns, if TON breaches this resistance and closes a daily candle above $3.50, there is a strong possibility that it could continue to rise, potentially gaining another 25% to reach the $4.80 level in the near future.