Tones
took a strong dive in the last 24 hours, from more than 7% from $ 3.319 to a little less than $ 3 after excitation around a rumor telegram partnership with the XAI inverted course of Elon Musk.
The dive is the continuation of the one who started shortly after the CEO of Telegram, Pavel Durov, suggested a collaboration with Xai, the artificial intelligence society of Elon Musk.
Speculation pushed the price of tone at a summit of $ 3.65, but a quick denial from Musk sent him to fall after the CEO of X said that the agreement had not yet been signed. Your has now been down 17% since then.
The markets seem to be prices in the collapse of what could have been a major integration involving the 700 million Telegram users shortly after, reversing almost all tonnes.
Despite the backhand, Durov quickly replied that the agreement was “agreed in principle” and that “the formalities are pending”. Your is the native token of the open network, which is strongly associated with Durov’s messaging application.
The fundamentals of your remain in motion. Telegram is always progressing with integrated payments based on tons, offering users a way to send crypto messages.
This exposure, although in the long term, is positioned as one of the few projects having potential access to a major major user base.
Price levels between $ 3.00 and $ 3.22 are now essential to monitor. Ventilation or a break in this beach could point out the following movement, especially since the data on the chain show a large concentration of portfolio around $ 3.24, where nearly 740 million tokens are maintained on 1.21 million addresses, according to Crypto analyst Ali Martinez.
Telegram raised $ 1.7 billion this week via convertible bonds. The company plans to use $ 955 million to buy existing bonds and feed its growth with the remaining $ 745 million.
Distribution of technical analysis
- You have experienced a clear sale, the volume going to more than 10.6 million in one hour, almost tripling its average volume.
- Buyers intervened at the $ 3.00 mark, helping the token to go back to $ 3.086, forming V recovery.
- A brief resistance was formed at $ 3.22, while the bullish momentum pushed the token over $ 3.08 during an intense increase
- Perpetual -term open interests have increased from $ 33% to $ 190 million, reaching its highest point since February, indicating that traders are preparing for new volatility.
