Toncoin Price Prediction: TON Price Drops 4% As UAE Demands For Pavel Durov Access, And Experts Say Consider This New ICO For 10x Gains
The Toncoin price dropped 4% in the last 24 hours to trade at $5.39 as of 03:34 a.m. EST on trading volumes that plunged 23% to $1.2 billion. This comes as the United Arab Emirates (UAE) announced late Monday that it had asked the French government to allow consular access to Telegram CEO Pavel Durov, who is currently in police custody in Paris. Durov was arrested late Saturday night and is still being held as part of a probe into allegations relating to child pornography, drug trafficking, and organized crime on the Telegram messaging platform. After the arrest, the Open Network (TON) on the platform experienced a notable effect, with its native token, TON, plunging over 20%. Toncoin Price Aims For A Rebound Since the arrest, the Toncoin price dropped from the $6.82 resistance zone, according data from GeckoTerminal . The bulls have been trying to keep the price above the $5.0 support level, with TON now forming a falling channel pattern. With the token now on a downtr...