Toncoin (TON) Price Climbs 3% After Telegram Founder Pavel Durov Returns to Dubai

The Toncoin price has climbed 3% in the last 24 hours to trade at $3.53 as of 7:00 a.m. EST

The Toncoin price climbed 3% in the last 24 hours to trade at $3.53 as of 7:00 a.m. EST on a 36% plunge in trading volume to $242 million.

This jump in the TON price comes as Telegram founder and CEO Pavel Durov returns to Dubai after months in France under legal restrictions. Detained near Paris in August, he was placed under investigation for alleged criminal activities on Telegram, leading to a travel ban.

FREEDOM FOR DUROV!!

After months of uncertainty, Telegram’s Pavel Durov is back.

Back in Dubai. Back in action.

SEND $TON TO $7!! pic.twitter.com/LyVoSmSyNv

— Merlijn The Trader (@MerlijnTrader) March 17, 2025

While the probe is ongoing, Durov expressed relief at being allowed to leave, thanking the investigative judges, his legal team, and colleagues for proving Telegram’s commitment to moderation and crime prevention.

Toncoin Price Rebounds Within A Bearish Channel

The TONU/SDT trading pair has staged a recovery in the last 24 hours. The cryptocurrency, which had been trapped in a prolonged bearish channel since January, has now broken out of the channel, signaling a potential trend reversal. Today’s price action saw TON reach an intraday high of $3.571, with a low of $3.403, as buying pressure intensified.

The breakout from the sharp downtrend comes after TON found strong support in the $2.50 – $2.80 range, where buyers stepped in to prevent further declines. Analysts now point to $4.00 as the next key resistance level, followed by $5.50 and $6.00, with an ultimate bullish target around $7.00 if momentum continues. A Break of Structure (BOS) in the support region further reinforces the likelihood of continued upside.

TONUSDT Analysis Source: Tradingview

The Relative Strength Index (RSI) has climbed to 56.50, above the neutral 50 level, indicating growing buying momentum. Meanwhile, the 50-day Simple Moving Average (SMA) remains above the current price, acting as a dynamic resistance. A decisive break above the 50 SMA could confirm further upside potential.

Traders should closely monitor whether TON can sustain its position above $3.50 and push past $4.00, which would likely open the door for higher targets. However, failure to hold above $3.00 could see a retracement back to the support zone. For now, all eyes are on TON as it attempts to solidify its recovery and regain bullish momentum.

Solaxy Presale Closes On $27 Million – Next Crypto To Explode?

As the Toncoin price looks to continue its bullish rally, Solaxy (SOLX), a pioneering Layer 2 solution for the Solana blockchain, has roared past $26.8 million in funds raised in its presale.

Solaxy is attracting investors with its plan to reduce congestion on the Solana network. Meme coin launches have been clogging the blockchain, especially after Donald Trump’s team introduced the TRUMP and MELANIA meme coins in January.

Solaxy helps by processing transactions off-chain, bundling them together, and then settling them on the mainnet, making Solana faster and more efficient.

🚀 Big news for #Solaxy ($SOLX)! Their new Layer 2 solution for #Solana is here to tackle scalability issues. With meme coins rising in popularity, SOLX transactions could surge! 📈 Don't overlook this potential hidden gem! #Crypto #MemeCoins #InvestSmart

— The Artificial PnL Intelligence (@ThArPnIn) March 15, 2025

Solaxy improves network efficiency and makes it easier for developers to build on Solana. Ready-to-use tools help launch new projects or upgrade existing ones quickly and smoothly.

SOLX will be the first to use this technology, linking Solana with Ethereum to create a stronger and more scalable Web3 network.

99Bitcoins, a top YouTube crypto channel with over 726K subscribers, says SOLX could soar 100X after its launch.

Early investors are also reaping the rewards, with staking yields currently at 152% annually.

The SOLX token is currently priced at $0.001666 and can be bought using either crypto or a bank card.

Interested investors should buy before a price hike in less than 6 hours to lock in the best deal.

Visit the Solaxy website.

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