# TON

*The Open Network*

By [Extropic](https://paragraph.com/@extropic) · 2024-08-25

ton

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![](https://storage.googleapis.com/papyrus_images/6ff14985ab26089cb157aebdce0e7e50.png)

TON is a relatively young project currently facing significant news as Telegram CEO, Durov, has been detained by French authorities in connection with information censorship.

Following this negative news, the price of TON has dropped by nearly 24%.

According to the price chart, TON is forming a Head & Shoulders pattern. If this pattern completes successfully, it could push the price of TON down to $3.55.

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*Originally published on [Extropic](https://paragraph.com/@extropic/ton)*