Toncoin (TON) Price Consolidates as Pavel Durov-Induced Rally Cools Off
Key TakeawaysToncoin’s price surged after Telegram CEO Pavel Durov exited France, but bullish momentum has slowed.Analysts told CCN that TON’s price may continue consolidating unless the broader altcoin market rallies.A bullish scenario could see the altcoin rise to $4.21, while selling pressure might send the price below $3.Interested in buying or selling TONCOIN TON? Read our review of the best exchanges to buy and sell TONCOIN TON.On March 15, Toncoin’s (TON) price rallied from $2.90 to $3.60 following reports that Telegram CEO Pavel Durov had been allowed to leave France. This breakout translated into a 35% 14-day hike.However, since the new week began, TON’s price has struggled as the bullish momentum has faded. This has led to a period of sideways movement.Will TON resume its uptrend, or will it fail to keep consolidating?You May Also LikeCryptoPolymarket Hit by Whale Manipulation as 5 Million Votes Rig SettlementCryptoTrump Family-Linked WLFI Buys Mantle as Part of $343M Crypto...