TON Price Stalling? Analyst Flags Key Resistance As Durov Uncertainty Lingers
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- Renowned crypto analyst spots a “sense of denial” among TON holders.
- Telegram founder is set to return to Dubai after many months in France under arrest.
- TON is at a crucial level ahead of a potentially significant move.
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.
Using the TON/USD daily chart, the analyst pointed out that TON’s price has shown some hesitation while attempting to break through resistance around the $3.5 mark.
The cryptocurrency had previously experienced a notable surge from a local low of $2.35 after a significant decline, rallying with considerable momentum before encountering resistance at its current price point.
The post TON Price Stalling? Analyst Flags Key Resistance As Durov Uncertainty Lingers appeared first on Coin Edition.
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