Durov’s Passport Return Ignites TON Market Rally: Is $3.58 Surge Just the Beginning?

The TON coin has recently witnessed a significant market rally in prices, following the recovery of Telegram founder Pavel Durov’s passport from French authorities restoring Durov’s ability to travel freely putting an end to a situation that had raised concerns about privacy and free speech advocates. This news has boosted the confidence of investors in TON’s future. The TON price has surged more than 20% over the last 24 hours to now trade above $3.40. 

Positive Market Reaction

Durav’s passport return is seen as a win-win situation for privacy and free reinforcing his long-standing stance on secure communication. Durav also co-founded Telegram, a cloud-based messaging app known for its emphasis on privacy and speed. These positive sentiments have converted into a TON market rally, reinforcing the token’s alignment with the broader Telegram ecosystem. 

Why Does It Matter So Much?

The return of Durov’s passport and the subsequent TON market rally highlight the strong influence of his leadership on cryptocurrency’s market trends. His unwavering support for privacy and free speech, combined with the introduction of new features to the Wallet app on Telegram including multi-asset support, a yield program, and an improved user interface contributed to the bull run for the TON.

Price Analysis and TON Price Prediction

The TON has exhibited significant fluctuation between the 16th and 17th, navigating through key resistance and support levels. The coin has established its key resistance and support levels at $3.58 and $3.34 respectively. The trading session started with selling pressure after a significant price rise was seen in the previous sessions and meeting with consecutive overbought indications from RSI signaling building bearish momentum. The prices soon entered a downtrend channel before a golden cross appeared at 05:05 UTC pushing the prices up again.

The sell-side soon began to push for the hold as the market reached overbought on the RSI level. The tug-of-war between the buy and sell side forces continued until the prices found support at $3.34. By 14:00 UTC two side-by-side golden crosses formed on the MACD line leading to a bull run in a new moderate uptrend channel. At 16:50 UTC a death cross appeared signalling a bearish trend however the buy side continued to hold the ground resulting in the creation of a sideway channel from 15:00 UTC to 23:30 UTC. 

By the start of the trading session on the 17th, significant buying pressure developed following a golden cross formation at 00:05 UTC leading to a bull run and a breakout at 04:30 UTC. By 04:45 UTC, a death cross formed on the MACD line aligning with the overbought signal from RSI pulling the prices down the resistance level again. The coin price is currently trading at $3.48 and $3.38.

Chart 1, Analyzed by Alokravantmedia published on March 17, 2025.

What lies ahead for TON?

The recent TON market rally has given a significant push to the bullish momentum after the coin’s long struggle to gain its former glory. The TON price analysis suggests that a consistent breakout above the key resistance of $3.58  would solidify the bullish momentum. However, a fall below the $3.34 key support level could also result in further consolidation of prices, reducing it to lower support levels. The TON price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.