Cryptocurrency Analysis of TON

Cryptocurrency analyst Ali Martinez has observed a potential “sense of denial” among holders of TON, the native cryptocurrency of the TON blockchain, following recent news surrounding Telegram’s founder, Pavel Durov.

In his latest analysis, Martinez highlighted the cryptocurrency’s price action, noting its struggle around a historically significant level.

> With @durov leaving France, there is a sense of “denial” among #Toncoin $TON holders! pic.twitter.com/Ykpew7EV1c
> — Ali (@ali_charts) March 18, 2025

Using the TON/USD daily chart, the analyst pointed out that TON’s price has shown hesitation while attempting to break through resistance around the $3.5 mark.

Why Is the $3.5 Level Important?

Martinez reviewed TON’s price for the past year and highlighted the $3.5 region as an optimistic level during last year’s bull run. The price served as a momentum boost for TON holders in the bullish market and triggered a substantial rally that pushed the cryptocurrency’s price to higher levels.

Although most technical analysts could expect a repeat of last year’s price surge, Martinez believes Durov’s ongoing legal issue with the French government might negatively impact TON’s prospects. The legal situation appears to have caused an abrupt halt to the recent rally following the cryptocurrency’s attempted recovery.

Related: [Crypto Market Jitters as Pavel Durov’s Release Odds Dwindle]

Recently, the French government allowed Durov to return to his home in Dubai after months of custody. French authorities arrested the Telegram founder last August, accusing him of failing to moderate his platform and curb criminal activity. However, Durov denied the allegations, claiming he cooperated with law enforcement on issues like drug trafficking and child sexual abuse content.

Typically, crypto community members would expect Durov’s return to Dubai to trigger positive sentiments for TON. That outcome could still occur, depending on the altcoin’s next move from the current level.

Related: [Toncoin Market Performance Slips with Open Interest Falling to $141M]

Nevertheless, Martinez characterized the current situation as a “sense of denial,” suggesting that TON holders might be overlooking the potential impact of Durov’s legal challenges.

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