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)
experienced
a
notable
effect,
with
its
native

TON
token
plunging
over
20%.

Toncoin
Price
Aims
For
A
Rebound

Since
the
arrest,
the
Toncoin
price
dropped
from
the
$6.82
resistance,
according
data
from


GeckoTerminal.
Bulls
have
been
trying
to
keep
the
price
above
the
$5.0
support
level
resulting
in
the
formation
of
a
falling
channel
pattern.

With
the
token
currently
on
a
downtrend,
TON
trades
below
both
the
50
and
200
Simple
Moving
Averages
(SMAs)
on
the
hourly
chart,
supporting
the
downtrend.

However,
the
Relative
Strength
Index
(RSI)
is
rebounding
from
the
30
oversold
level,
currently
at
47,
indicating
that
buying
pressure
is
building
up
as
investors
prepare
to
add
to
their
positions.

Moreover,
the
Moving
Average
Convergence
Divergence
(MACD)
is
also
rebounding
towards
the
neutral
line
on
the
1-hour
chart,
suggesting
that
TON
is
building
up
momentum
as
it
moves
towards
an
uptrend.

The
green
bars
on
the
histogram
also
extend
beyond
the
zero
line,
signaling
that
the
price
of
TON
is
on
positive
momentum.

According
to
the
Toncoin
price
analysis,
the
crypto
shows
a
bullish
bias,
as
the
bulls
aim
for
a
rebound
over
the
falling
channel
pattern.
If
the
rebound
is
successful,
TON
could
soar
to
$6.3.

However,
if
the
bears
exert
more
pressure
on
the
crypto,
the
price
of

Toncoin
could
drop
to
the
$5.0
support
zone.

Meanwhile,
investors
are
buying
the
new
meme
coin


The
Meme
Games
(MGMES),
which
has
already
garnered
over
$400K
through
its
presale.

According
to
Jacob
Bury,
a
popular
crypto
analyst
on
YouTube,
MGMES
has
the
potential
to
surge
10X
after
its
launch.

The
Meme
Games
Presale
Amasses
Over
$400K
–
Best
Meme
Coin
To
Buy
Now?

With
just
over
three
weeks
until
its
launch,
The
Meme
Games
is
set
to
become
a
notable
player
in
the
crypto
space
and
potentially
deliver
substantial
returns. 

The
Meme
Games
is
a
novel
meme
coin
project
that
has
emerged
with
its
own
unique
P2E
ecosystem.
It
involves
a
gamified
presale
and
offers
a
chance
to
interact
with
the
Olympics
in
a
whole
new
way.

CRYPTO
BREAKING
NEWS
The
Meme
Games
raises
over
$100K
on
opening
day
of
presale.
The
Meme
Games
presale
raises
over
$100K
in
its
first
24
hours,
capturing
attention
in
the
booming
memecoin
sector.

#partnercontent
check
us
out
@

https://t.co/8dh137buUp

pic.twitter.com/YwzyP2glE4

—
InnovatekMobile
(@Neome_com)

July
17,
2024

The
project
combines
the
competitive
spirit
of
the
Olympics
with
the
vibrant,
fun-filled
ecosystem
of
meme
coins
in
an
exhilarating
fusion.

Here,
investors
support
a
meme
character
of
their
choice,
which
acts
as
an
athlete
competing
in
the
blockchain
version
of
the
Olympics.
Their
wins
will
earn
their
backers
a
25%
bonus.

As
a
token
holder,
you
can
earn
passively
through
the
project’s
staking
mechanism
as
well.
All
you
need
to
do
is

buy
and
stake
MGMES

for
an
annual
percentage
yield
(APY)
of
482%.

You
can
buy
MGMES
tokens
now
for
$0.00935.
A
price
hike
is
coming
in
about
four
days,
so
you
might
want
to
hurry
in
order
to
lock
in
the
best
deal.

Purchase

MGMES
from
the
official
website
here

using
ETH,
BNB,
USDT,
or
a
bank
card. 

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