Besides BNX and CAKE that really took the show at the start of this week with 40-50% pumps, Toncoin’s TON is also among top crypto gainers.
The TON price pumped over 30% in the last 7 days and is now trading around $3.45.
The biggest reason for TON’s price jump? Pavel Durov is finally free. After months of uncertainty, Telegram’s founder has returned to Dubai and is back in action. This news sparked fresh excitement around TON, which has strong connections to the Telegram ecosystem.
FREEDOM FOR DUROV!!
— Merlijn The Trader (@MerlijnTrader) March 17, 2025
After months of uncertainty, Telegram’s Pavel Durov is back.
Back in Dubai. Back in action.
SEND $TON TO $7!! pic.twitter.com/LyVoSmSyNv
Bullish Chart Patterns Emerge
Crypto analyst Tom Tucker shared a TON chart that’s getting a lot of attention online. His chart shows a falling wedge pattern, which often signals a price reversal. TON had been making lower highs and lower lows for a while, but this pattern suggests sellers are losing steam.
Tucker points to the $2.40-$3.00 range as a key support zone. Buyers have stepped in repeatedly at these levels, creating a strong floor for the price. The multiple touches at this zone show just how important it is for TON’s price action.
Now that TON has broken out of the falling wedge, Tucker thinks it could climb toward $5-$6. The first hurdle is around $3.80, with another key level at $4.77 where sellers might jump in. His chart clearly shows an upward arrow indicating the expected breakout direction.
$TON Gearing Up for a 100% Rally?
— Tom Tucker (@WhatzTheTicker) March 16, 2025
I see Toncoin rebounding strongly from the $2.40-$3.00 support zone, a key historical level. A breakout above the falling wedge’s upper trendline could send $TON to $5-$6 by mid-2025.#WhatsTheTicker #TON pic.twitter.com/lJEpDqjUUi
Looking at trading volumes, there’s heavy activity between $5.36 and $6.46. This means we might see bigger price swings once TON reaches these levels due to what traders call “liquidity pockets.”
Right now, the 50-day moving average sits above the current price, acting as resistance. If TON breaks above this line, it would be another good sign for buyers and could confirm the bullish momentum.
Tucker’s tweet made a bold prediction of a 100% rally from the support zone. Since he shared his thoughts, TON has already moved up to $3.45, giving some weight to his prediction. He expects TON could hit $5-$6 by mid-2025, which lines up with the historical resistance levels shown in his chart. If the current breakout holds strong, we might see TON accelerate toward these targets in the coming months.
Read also: Is Kaspa’s Second Largest Wallet Owned By Binance? KAS Price Pumps
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