TON Toncoin potential SelloffTelegram CEO Pavel Durov has been charged for failing to prevent extremist and illegal content on the messaging platform and placed under judicial supervision, according to the Paris prosecutor's office on August 28.
Durov must report to the police twice a week and is barred from leaving France, the prosecutor's office stated on X.
Parisian investigative judges have also ordered the Russian-born Telegram co-founder to post 5 million euros in bail.
Meanwhile, TON Toncoin is currently in a bearish falling wedge pattern, with a new price target of $3.9.
Paveldurov
"Inverse Head and Shoulders" Pattern: Is a Rally on the Horizon?In the latest technical analysis, a bullish "Inverse Head and Shoulders" pattern has appeared. The price started at $6.8, dropping to $5 to form the left shoulder. It then rebounded to $6 before falling to a low of $4.4, marking the head. From there, the price surged back to $5.9, creating the right shoulder.
This pattern is often a strong indicator of a potential bullish reversal, signaling a possible upward move. Traders are now eagerly watching for a breakout above resistance levels, which could confirm the continuation of the uptrend. Will this be the beginning of a new rally?
The next price movement could set the stage for the market's short-term bullish momentum.
TON Toncoin Potential Sell-OffIf you haven`t bought TON before the breakout:
Now you need to know that on August 24, 2024, the arrest of Telegram founder Pavel Durov by French authorities sent shockwaves through both the platform and its cryptocurrency, Toncoin (TON).
Durov's arrest, reportedly tied to illegal activities on Telegram, has been widely seen as an attack on free speech, which has paradoxically boosted interest in both Telegram and Toncoin.
This spotlight on Durov and his platforms presents both challenges and opportunities.
While the surge in activity signals increased attention, the future is uncertain.
The ongoing investigation and heightened regulatory scrutiny are likely to impact TON's market performance.
Investors and users are closely watching for further legal actions, as they could have significant consequences for Telegram and Toncoin.
With the regulatory landscape in flux, TON remains a risky investment until the legal situation stabilizes.
My price target for TON is $2.15.
DOGS & DurovDOGS is a meme token built on the TON blockchain inspired by the Spotty mascot with the Telegram miniapp, made for degens for degens! Spotty is the unofficial logo of VK and the main mascot created by Telegram founder Pavel Durov! speaking of Pavel, he was apprehended on an arrest warrant in France recently.
French President Emmanuel Macron said Durov’s detention was a judicial inquiry into illegal operations on Telegram rather than a political crackdown on individual privacy.
so while ma boy CZ get out of the jail, Pavel gets ready for 20 years of prison time!
While crypto cat coins rule the meme market, let's see what this dog is up to
DOGS's All Time High was $ 0.0014 and is currently -25% down since then
The current circulating supply of DOGS is 516 Billions tokens, and the maximum supply of DOGS is 550 Billions.DOGS’s 24 hour trading volume is $ 990 Million
It is traded on 17 markets and 13 exchanges, the most active of which is Binance (you can trade with 75X leverage too! JUST DONT.) DOGS's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 690 Million.
Crypto exchanges such as Bybit experienced service disruptions following the airdrop of approximately 440 billion tokens to participants. Binance also faced upgrade challenges in the hours leading up to the token distribution. While platforms like Binance and Bybit quickly restored normal operations, Telegram Wallet was still working on resolving issues at the time of reporting.
Dogs will act like Notcoin means, we will have pump and dump and then the next cash grab meme. I like solid gaming projects not memes and tap to earn projects SO
should we buy Dogs and hold for a long time? NO
TON Toncoin the next FTX/ LUNA ?! CEO Pavel Durov Arrested ! If you haven`t bought TON before the brekout:
Now the recent arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the cryptocurrency world, particularly concerning the future of TON coin.
Durov's arrest stems from allegations by OFIM, a French national police office, accusing him of complicity in crimes such as drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram's lack of moderation.
This development raises serious concerns about TON coin's stability. Investors fear a sharp decline, drawing parallels to the collapses of FTX and LUNA, which suffered massive selloffs following high-profile scandals involving their founders.
With Durov as the face of Telegram and a key figure in the TON ecosystem, his legal troubles could significantly erode confidence in the cryptocurrency.
The arrest could lead to increased regulatory scrutiny of Telegram, potentially causing further issues for TON coin.
In the short term, investors should brace for potential volatility, as the risk of a selloff looms large.
The future of TON coin now hinges on how Durov's legal situation unfolds and whether Telegram can withstand the resulting pressures.
TONCOIN: Possible "Head-Shoulders" under construction?!TONCOIN: Possible "Head-Shoulders" under construction?!
Detection of a possible chart pattern "Head-Shoulder" = "SUMMER" in Daily"
Monitor the " Nech line", and the Fibonacci and ICHIMOKU levels, as well as the 50 and 200 exponential moving averages on higher time units if necessary.
The downside targets are indicated on the chart.
We could return to the levels before the "Bull run"!!
Following the arrest of Pavel Durov, CEO of the company "Telegram Messenger", this news could accelerate the downward movement sharply!
Be careful!!
TON Analysis / Do you think Paul can regain controls?OKX:TONUSDT
BINANCE:TONUSDT
CRYPTO:TONUSD
Analysis of the scenarios facing Ton Coin
▶The price has now entered the shock phase and It started a bearish rally from the Stop Hunt range.
If Ton downward movement considered as an excellent buying offers for investors, and the news of Pavel's arrest calms down in the next few hours, the price can touch the Stop Hunt level again.
Of course, this scenario is not at all suitable for trading and analysis, and it's just a hopeful prediction of the price.
📉🔍On the other scenario, the price downward rally is more accurate in my opinion. The news of the arrest is going to disturb the market for some time and this issue will gradually shift the price to lower support levels.
But what do we do?
⚡As I said before, TON price is worth much more than what it is, and it is quite possible to reach the $12 level within the next year. But in the current situation, finding profitable buying levels should be the most important goal of medium-term market traders.
In the above analysis, the PRZ level will provide an excellent buying zone.
Even in a hopeful scenario, the second best level to buy Ton is inside the yellow zone. Of course, I myself prepare a much smaller volume for buying in this area.
After the yellow level, until the price reaches PRZ, I will buy two more steps with the Bollinger Midline indicator or MA 50.
But the main zone for me is near the PRZ area.
Notcoin Donates $6.8m $NOT to Telegram’s Founder Pavel DurovNotcoin ( GETTEX:NOT ) users have donated $6.8m worth of Notcoin ( GETTEX:NOT ) to Telegram founder Pavel Durov following a recent airdrop. Over half a million users from the play-to-earn blockchain game donated 1.03 billion tokens worth $6.8 million to Durov's personal wallet address. In response, Durov promised to hold the tokens until a $680 million price marker and acquire more Telegram servers to bolster operations.
Telegram has supported blockchain development and endorsed initiatives like The Open Network ( CRYPTOCAP:TON ), allowing web3 builders to position products with exposure to Telegram's 900 million worldwide users and on-chain participants. Notcoin ( GETTEX:NOT ) leveraged this utility to launch its web3 mini application via TON in January, offering users the chance to mine tokens and earn rewards through quests. After months of mining and several launch delays, Notcoin ( GETTEX:NOT ) debuted its native crypto with an airdrop, distributing over 80 billion tokens to early supporters.
Technical Outlook
Notcoin ( GETTEX:NOT ) is down 5.64% as at the time of writing following yesterdays launch of the token. The Relative Strength Index (RSI) which stands at 56.70 is poised for further growth.
Notcoin ( GETTEX:NOT ) has an All-time High of $0.037 with the All-time low of $0.004