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TON Remains Bullish Despite Telegram Founder’s Arrest

Written By: ChartChamp

September 9, 2024

TON is one of the most bullish cryptos this cycle that has climbed the ranks to the top 10 by market cap. Recently the Telegram founder was arrested in France, and the arrest was widely criticized as being unfair. TON experienced a 25% decline due to this arrest news, and I think this presented a discounted buy opportunity. Compared to most cryptos TON has been holding very strong, and is still trading near all time highs. There was a rebound near the $4.60 price level, and I think TON could continue to form new all time highs. I have $8 as a key resistance target ahead, and a $20.84 resistance target on the way up.

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