#TONRally The hashtag #TONRally refers to recent significant price movements of Toncoin (TON), the native cryptocurrency of the Open Network (TON) blockchain. Notably, Toncoin experienced a surge of over 20% following news that Telegram founder Pavel Durov had regained his passport from French authorities. 

As of November 25, 2024, Toncoin’s price surpassed the $6 mark, signaling a potential bullish trend. This rebound followed a challenging period of bearish pressure, and analysts are now evaluating whether this momentum can be sustained. 

Technical indicators suggest a positive outlook for Toncoin. The token has risen above the 100-day Simple Moving Average (SMA) on the 4-hour chart, reinforcing the bullish trend. Additionally, the Relative Strength Index (RSI) has climbed to 60%, indicating renewed buying pressure. The next resistance level to watch is at $7.2, which could determine the continuation of this upward trajectory.