Toncoin's price jumped 3% in the last 24 hours, reaching $3.53 after reports of Pavel Durov's return to Dubai. A new resistance level is expected within a widening channel.
Toncoin Price Surge
Pavel Durov's return to Dubai after staying in France has led to an increase in Toncoin's price. With Durov's location shift, Toncoin saw a 3% price hike. Amid the ongoing investigation, Durov thanked his legal team for support.
Toncoin Trading Analysis
The TONUSDT trading pair saw a sharp increase, reaching $3.526 in the past 24 hours. The price rose above $3.50, breaking out of a prolonged bearish channel. Analysts note resistance levels at $4.00, $5.50, and $6.00. Currently, RSI is at 56.50, indicating increased buying momentum.
Solaxy Developments and Future Prospects
Amid Toncoin's rise, Solaxy attracted investor attention, raising $26.8 million in its presale. Solaxy enhances Solana's performance by processing off-chain transactions. The project promises high efficiency for Solana developers and possibly a powerful Web3 network.
Durov's return and Toncoin's price increase suggest potential shifts in the cryptocurrency market. Meanwhile, Solaxy shows success in attracting investments and may become a key player in improving Solana's infrastructure.
