Ton
I took a strong immersion in the last 24 hours, falling more than 7% of $ 3.319 to a minimum just below the $ 3 brand after emotion around a rumored telegram association with the Elon Musk reversed course.
The fall is the continuation of one that began shortly after the Telegram CEO, Pavel Durov, hinted at a collaboration with XAI, the artificial intelligence company of Elon Musk.
The speculation brought Ton’s price to a maximum of $ 3.65, but a quick negative of Musk sent him to fall, after the CEO of X said that the agreement has not yet been signed. Ton has now dropped 17% since then.
The markets seem to be a price in the collapse of what could have been an important integration that involves the 700 million telegram users shortly after, almost reversing all profits.
Despite the reverse, Durov quickly responded that the agreement has been “agreed in principle” and that “the formalities are pending.” Ton is the native token of the open network, which is closely associated with the Dorav messaging application.
Ton’s foundations remain in motion. Telegram continues to advance with payments in tons based, offering users a way to send messages as cryptography.
This long -term exhibition positions Ton as one of the few projects with potential access to an important user base of the mainstream.
Price levels between $ 3.00 and $ 3.2 are now key to see. A breakdown or a break in that range could indicate the following movement, especially because the data in the chain shows a significant wallet concentration around $ 3.24, where almost 740 million tokens are carried out at 1.21 million addresses, according to the cryptographic analyst Ali Martínez.
Telegram has collected $ 1.7 billion this week through convertible bonds. The firm plans to use $ 955 million to buy existing bonds and feed its growth with the remaining $ 745 million.
Technical analysis breakdown
- Ton saw a strong liquidation, with a volume increasing to more than 10.6 million in one hour, almost tripling its average volume.
- Buyers intervened in the $ 3.00 brand, helping Token to return to $ 3,086, forming a V -shaped recovery.
- A brief resistance was formed to $ 3.22, while the bullish impulse pushed the token above $ 3.08 during an intense increase
- Ton Perpetual Futures Open Interest increased 33% to $ 190 million, reaching its highest point since February, indicating that operators are preparing for greater volatility.
