The lifting of travel restrictions for Pavel Durov led to a significant increase in Toncoin's price, sparking active discussion among investors.
Positive Toncoin Reaction to Ban Lift
Following the lifting of Pavel Durov's travel ban, the cryptocurrency market experienced a significant price increase in Toncoin, reaching $3.4577. This caused volatility and a rapid shift in investor sentiment from disbelief to hope and optimism.
Will TON Price Hold Above 200EMA
Toncoin's price action established itself above the 4-hour 200 EMA at $3.3666. At the time of writing, TON had gained 4.17% in a day, trading at $3.72. There are concerns that if the breakout fails, the price could drop to $3.00.
Toncoin Market Outlook
Current market fluctuations for Toncoin are linked to reactions to both external and internal factors, including users' emotional state. Holding the $3.3666 level is crucial to confirm the upward trend, but failing resistance could lead to a return to lower levels.
The lifting of Pavel Durov's travel restrictions served as a catalyst for Toncoin's surge, yet its further development remains uncertain due to investors' emotional instability and market unpredictability.
