#TONRally Toncoin (TON), the native cryptocurrency of The Open Network, has experienced notable price movements recently. Following news that Telegram founder Pavel Durov regained his passport from French authorities, Toncoin surged by over 20%. citeturn0search0

As of today, March 17, 2025, Toncoin is trading at approximately $5.21. However, analysts caution that the Network Value to Transactions (NVT) ratio has increased by 82%, suggesting that Toncoin may be overvalued and could face a potential price decline. citeturn0search1

Technical analysis indicates that Toncoin has broken above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling strong buying interest and the potential to reach the $7.6 resistance level. citeturn0search9

Investors are advised to monitor these developments closely, as market conditions can change rapidly.

For a more detailed analysis, you might find this video insightful:

videoTONCOIN (TON) PRICE PREDICTION & NEWS 2024!turn0search2