Toncoin Price Holds at $3.40 as Pavel Durov’s Return to Dubai Sparks Questions About the Future

The Toncoin price hit a recent high of $3.66 after Pavel Durov received his legal freedom on March 17. Upon his release from French legal restrictions, Telegram founder Pavel Durov obtained clearance from authorities to depart Dubai. The cryptocurrency world became highly excited as Durov left France to return to Dubai, which caused Toncoin to surge upward briefly. The present market temperature and hesitant indications have made users wonder whether Toncoin will sustain its bullish trend or enter a consolidation stage.

Toncoin’s Post-Surge Slump: What’s Behind the Cooling Momentum?

Toncoin encountered a cooling down phase after its $2.59 to $3.66 surge and maintained its $3.41 value at a 0.27% decrease from the previous 24 hours. The Relative Strength Index (RSI) has notably plunged, currently reading at the 50-mean level, indicating a cooling-off momentum. The price increase over the weekend received negative support according to the OBV indicator, as significant buying volume did not accompany it.

Image 1- Published by Emmaculate on TradingView, March 18, 2025.

The rising volume levels decreased steadily after the recent spike showing traders may have lost their trading excitement. More substantial trader engagement must arise before Toncoin can avoid entering a sustained market consolidation or brief price correction period. The main uncertainty exists between sustaining this bullish rally or whether the upward trend will remain brief.

Underlying Strength: Toncoin’s Profitability and On-Chain Valuation

Although Toncoin prices have decreased, the cryptocurrency displays firm fundamentals through its blockchain statistics. IntoTheBlock data shows that 73.82% of Toncoin tokens currently hold profits since their acquisition occurred below their present trading price of $3.41. The strong holder confidence demonstrated by the market shows most investors are achieving profits from their positions, as only 12.25% of addresses remain at a loss with high-priced resistance points.

Image 2 – Published on IntoTheBlock, March 18, 2025.

Toncoin demonstrates positive indicators through its Network value-to-transaction ratio computation. The NVT ratio dropped swiftly in early March to signal price undervaluation before increasing the Toncoin market value. From March 13 to March 15, the NVT ratio decreased as transaction volumes effectively tracked the price rise. Toncoin demonstrates stable structural strength, which resists short-term market volatility.

Will Toncoin Price Continue Its Bullish Trajectory?

The future evidence suggests that Toncoin will sustain its upward price movement. According to DeFiLlama, Toncoin has received a fresh boost of investor confidence after its decentralized finance (DeFi) ecosystem saw its total value locked (TVL) expand from $140 million to nearly $170 million during the March 15-18 period. High TVL in blockchain platforms demonstrates solid market involvement that creates conditions for strong continuous expansion.

Image 3 – Published onDeFiLlama, March 18, 2025.

Santiment data shows that whale transactions and consistently high social volume have risen substantially, indicating substantial market speculation behavior. Current price movements indicate Toncoin should continue its upward trend because it boosted above $3.40 with growing volume, confirming the recent bull campaign. Toncoin shows positive market prospects in the long term as long as investor sentiment and market conditions persist for continuous development.

Despite current market volatility, market analytics show that Toncoin remains a major player in crypto markets. Analysts predict sustained bullish patterns for Toncoin as its strong fundamentals combine with increasing on-chain indicators, higher TVL, and rising holder confidence. The coin’s future growth potential depends mostly on modifications in the overall market performance and how well the speculative momentum can remain steady. Only time can reveal if Toncoin will sustain its bullish trajectory in the crypto markets.