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TON Society celebrates Pavel Durov leaving France as free speech win
The Open Network (TON) Society released a statement on March 15 celebrating the return of Pavel Durov’s passport as a win for freedom of speech, online privacy, and innovation.
According to the AFP news agency, Durov left France and headed to Dubai on the morning of March 15 after gaining permission from French officials to depart the European country.
“We have stood behind Pavel since his arrest on August 24, 2024,” the TON Society wrote. The group added:
“Pavel’s unwavering commitment to freedom of speech and transparency, despite facing the most challenging of circumstances, is a powerful reminder of the importance of standing by your principles, even when it is politically and personally detrimental to do so.”
The TON Society previously penned a letter condemning the French government for detaining Durov and urging the country to release the Telegram founder.
The TON Society celebrates the return of Durov’s passport by French law enforcement officials. Source: TON Society
“The arrest of the Telegram founder, Pavel Durov, is a direct assault on a basic human right — the freedom of expression of everyone,” the TON Society’s Aug. 27 letter read.
At the time, the organization also called on the United Nations, the Council of Europe (CoE), the Organization for Security and Cooperation in Europe (OSCE), and the European Union (EU) to intervene and push for Durov’s release.
Free speech advocates in the crypto industry sounded the alarm over Pavel Durov’s arrest, citing the troubling implications for privacy and decentralized technologies in the face of state pressure to censor the internet and the potential for regulatory capture.
Related: Toncoin surges as Pavel Durov leaves France after months
Emmanuel Macron denies political motivation for Durov’s arrest
Shortly after French law enforcement officials detained the Telegram founder, President Emmanuel Macron denied the arrest was politically motivated and claimed that France was committed to free speech.
French President Emmanuel Macron denies the arrest of Pavel Durov was politically motivated. Source: Emmanuel Macron
In a subsequent press conference, Macron also denied inviting Durov to France amid a torrent of backlash from the crypto community and free speech advocates.
Chris Pavlovski, the CEO of the free-speech video platform Rumble, announced that he safely departed Europe shortly following the detention of Pavel Durov.
In an Aug. 25 X post, the CEO said that the French government threatened Rumble and condemned state authorities for the crackdown on free speech.
Magazine: Did Telegram’s Pavel Durov commit a crime? Crypto lawyers weigh in
A UK man’s bid to obtain a permit to search a landfill for his hard drive — holding private keys to 8,000 Bitcoin — has been rejected by the UK Court of Appeals. “Appeal request to the Royal Court of Appeal: refused,” Howells said in a March 14 X post. “The Great British Injustice System strikes again… The state always protects the state,” the early Bitcoin adopter added before revealing his “next stop” would be the European Convention on Human Rights (ECHR). UK Royal Court of Appeal Judge Christopher Nugee knocked back Howells’ application, stating that there was no “real prospect of success” and there was “no other compelling reason” as to why it should be heard, according to a March 13 filing shared with Cointelegraph. Source: James Howells Nugee’s decision follows an earlier dismissal on Jan. 9 from High Court Judge Andrew Keyser, who similarly said there was “no realistic prospect” of Howells’ case succeeding at a full trial. In a note to Cointelegraph, Howell said his “last legal option” to exhaust is at the ECHR — where he will claim that the UK High Court and UK Court of Appeal breached his right to property and right to a fair trial under Article 1 of Protocol 1 and Article 6 of the ECHR. “The British establishment want to sweep this under the carpet, and i will not let them. It will not go away — no matter how long it takes!” The ECHR cannot overrule a UK court decision — however, a verdict in Howells’ favor would call on the UK courts to consider whether its legislation was interpreted in a way that is compatible with the ECHR’s provisions. In a separate statement shared with Cointelegraph, Howells said he would file a claim to the ECHR in the “coming weeks.” The court filings follow repeated rejections from the Newport City Council allowing Howells to search through the Docksway landfill — where Howells’ former partner disposed of a bag containing the hard drive at the site in 2013. Related: Burning quantum-vulnerable BTC is the best option — Jameson Lopp Howells’ 8,000 Bitcoin (BTC) is worth around $660 million at current prices. While few predicted Bitcoin would reach such heights back then, Howells’ incident illustrates the importance of properly securing self-custodied crypto funds. Howells also appears to be running out of time, as the Docksway landfill is reportedly set to shut down sometime during the UK’s 2025-2026 financial year, BBC News reported on Feb. 9. Magazine: Bitcoin vs. the quantum computer threat: Timeline and solutions (2025–2035) Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience. Selling could accelerate if the price plummets below $76,000. Another cautious voice was that of Markus Thielen, head crypto researcher at 10x Research. Thielen told Cointelegraph that Bitcoin’s chart structure “suggests market indecision rather than a straightforward bullish consolidation.” Thielen remains doubtful of a strong price recovery in Bitcoin at the current juncture. Crypto market data daily view. Source: Coin360 However, Bitcoin network economist Timothy Peterson has a different view. In an X post, Peterson said that April and October are the two months that generate a large portion of Bitcoin’s annual performance. That suggests Bitcoin could rise to a “new all-time high before June.” Could buyers drive Bitcoin above the short-term overhead resistance levels? If they do, what other top cryptocurrencies may rally in the near term? The downsloping 20-day exponential moving average ($86,188) suggests that bears are in command, but the positive divergence on the relative strength index (RSI) indicates that the selling pressure is reducing. BTC/USDT daily chart. Source: Cointelegraph/TradingView If the price turns down from the current level, the BTC/USDT pair could drop to $80,000 and then to $76,606. Contrarily, if the price turns up and breaks above the 20-day EMA, it will signal that the markets have rejected the breakdown below the 200-day SMA. The pair could rally to the 50-day SMA ($93,033) and, after that, to $100,000. Buyers may find it difficult to surpass the psychological barrier at $100,000. BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView The 20-EMA on the 4-hour chart is flattening out, and the RSI is just above the midpoint, indicating a balance between supply and demand. Buyers will have to drive the pair above the resistance line to gain the upper hand. The pair may climb to $92,810 and then to $95,000. The downside support is at $80,000 and next at $78,000. If the supports crack, the possibility of a drop below $76,606 increases. BNB (BNB) started a recovery from $507 on March 11, which is facing selling at the 50-day SMA ($621). BNB/USDT daily chart. Source: Cointelegraph/TradingView The 20-day EMA ($595) is the critical near-term support to watch out for. If the price rebounds off the 20-day EMA, it suggests that the bulls are buying on minor dips. That improves the prospects of a break above the 50-day SMA. The BNB/USDT pair could then rally toward $686. Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears are fiercely defending the 50-day SMA. The pair may tumble to $550. BNB/USDT 4-hour chart. Source: Cointelegraph/TradingView The 20-EMA has turned up on the 4-hour chart, and the RSI is in the positive zone, indicating a bullish sentiment. There is resistance at $632, but if buyers overcome it, the pair could jump to $680. This optimistic view will be negated in the near term if the price turns down and breaks below the 20-EMA. The pair may dip to the 50-SMA, which is again likely to attract buyers. A break below the 50-SMA will tilt the advantage in favor of the bears. Toncoin (TON) rose sharply from $2.35 on March 11 and reached the 50-day SMA ($3.64) on March 16. TON/USDT daily chart. Source: Cointelegraph/TradingView The correction from the 50-day SMA is expected to find support at the 20-day EMA ($3.15). If that happens, it will signal a change in sentiment from selling on rallies to buying on dips. That increases the possibility of a rally above the 50-day SMA. The TON/USDT pair could climb to $4 and later to $5. Contrarily, a break and close below the 20-day EMA suggests that the bears remain active at higher levels. The pair may then drop toward $2.50. TON/USDT 4-hour chart. Source: Cointelegraph/TradingView The 4-hour chart shows the up move is facing selling at the $3.60 level, but buyers are expected to defend the 20-EMA on declines. If the price turns up sharply from the 20-EMA, the bulls will try to propel the price above $4.15. If they manage to do that, the pair could jump toward $4.67. Conversely, if the price turns down and breaks below the 20-EMA, it will signal that the bears remain active at higher levels. The pair may drop to the 50-SMA and subsequently to $2.50. Related: Toncoin in ‘great entry zone’ as Pavel Durov’s France exit fuels TON price rally Gate Token (GT) has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears. GT/USDT daily chart. Source: Cointelegraph/TradingView The 20-day EMA ($21.06) is flattening out, and the RSI has risen to the midpoint, indicating that the selling pressure is reducing. If buyers drive the price above the triangle, it will signal the resumption of the upmove. The GT/USDT pair could climb to $24 and eventually to $26. If the price continues lower and closes below the 20-day EMA, it will signal that the pair may remain inside the triangle for a while. The bears will be back in command on a break below the triangle. GT/USDT 4-hour chart. Source: Cointelegraph/TradingView The 4-hour chart shows that the bears are finding it difficult to maintain the price below the 20-EMA. That suggests demand at lower levels. Buyers will try to strengthen their position by pushing the price above the resistance line. If they do that, the pair could rally toward $24. Instead, if the price turns down and breaks below the 50-SMA, it will signal that the bullish momentum is weakening. The pair may descend to $19 and eventually to the support line. Cosmos (ATOM) broke above the 20-day EMA ($4.31) on March 15, indicating that the selling pressure is reducing. ATOM/USDT daily chart. Source: Cointelegraph/TradingView The RSI has formed a positive divergence, suggesting that the bearish momentum is weakening. The 50-day SMA ($4.73) could act as resistance but is likely to be crossed. A close above $5.15 could open the doors for a rally to $6.50. The 20-day EMA is the crucial support to watch out for on the downside. If this support gives way, it will signal that the bears remain sellers on rallies. That could sink the ATOM/USDT pair to $3.50. ATOM/USDT 4-hour chart. Source: Cointelegraph/TradingView The pair started a pullback in the near term, which could reach the 20-EMA. If the price turns up from the 20-EMA, it will signal a positive sentiment where the bulls are buying on dips. That increases the likelihood of a break above $5.15. If that happens, the pair may surge to $5.50 and then to $6.50. This positive view will be invalidated in the near term if the price breaks below the 20-EMA. That could sink the pair to the 50-SMA and later to $3.80. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Toncoin (TON) has surged by over 50% in the past week, fueled by news that Telegram founder Pavel Durov has been granted permission to leave France for Dubai. TON/USDT weekly price chart. Source: TradingView TON’s bullish reversal, especially after falling to $2.35, its lowest level in a year, has traders eyeing key price levels, with crypto analyst Crypto Patel highlighting a “great entry zone” for long-term investors. As Crypto Patel notes, TON’s price has “perfectly bounced” from its support level of around $2.50. Furthermore, the support falls inside the $2.40-3.00 area that served as resistance in December 2022-April 2023 and September 2023-April 2024 periods. The analyst argues that the area now served as a “great entry zone,” citing TON’s ongoing rebound from the same range. TON/USDT weekly price chart. Source: TradingView/Crypto Patel A decisive rebound from the $2.40-3.00 zone could have TON target its prevailing descending trendline resistance in the coming weeks, which may push its price toward $5 by June or July. Related: Wallet in Telegram to list 50 tokens and launch yield program The upside outlook aligns with analyst Profit Mind’s falling wedge setup, which anticipates the Toncoin price to grow toward the $6 upside target if it breaks above the wedge’s upper trendline. TON/USDT daily price chart. Source: TradingView Falling wedges typically resolve when the price breaks above the upper trendline and rises by as much as the pattern’s maximum height. Analyst Crypto Billion further anticipates a bullish reversal in TON markets, citing its oversold relative strength index (RSI) as a primary catalyst for potential long-term accumulation. Source: Crypto Billion Toncoin’s Sharpe ratio, a financial metric used to measure an asset’s risk-adjusted returns, further indicates oversold conditions in the TON market. As of March 16, the 180-day average ratio had dropped below -25, as denoted in blue. In the past, TON has undergone bullish reversals largely when its Sharpe ratio turned blue, as seen in late 2022 and mid-2023. TON Sharpe ratio (180 days). Source: CryptoQuant In the derivatives market, Toncoin is witnessing a resurgence in its open interest (OI) — a metric tracking the total number of unsettled TON contracts such as options and futures. As of March 16, TON’s OI was around $169.12 million, compared to $80.75 million just five days prior. TON Futures’ OI and funding rates. Source: CoinGlass On the flip side, TON’s weekly funding rates are treading around negative territory — they marginally rose into positive territory after plunging to -0.678% earlier on March 16. When funding rates turn negative as OI rises, it often reflects bearish sentiment with aggressive shorting. The 30-day liquidation map tracking TON/USDT on Bybit risks nearly $10 million in long liquidations if the Toncoin price falls toward $2.54. Bybit TON/USDT 30-day liquidation map (as of March 16). Source: Coinglass Conversely, the same liquidation map reveals that approximately $12 million worth of short positions could be at risk if TON surpasses the $4 mark. If this scenario plays out, the cascading effect of forced buybacks could accelerate Toncoin’s upward momentum, sending the price to the aforementioned levels. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. 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