Telegram Coins in Turmoil Following Pavel Durov’s Arrest

The Impact on Notcoin and PAAL AI 

The prices of these tokens have taken a hit since Durov’s arrest. Notcoin (NOT) has seen a 20% decrease in value within the last 24 hours. Similarly, PAAL AI (PAAL) has dropped by nearly 8%. The future of these tokens is now uncertain. Many wonder whether they will recover or face further losses. 

Notcoin’s Price Struggles 

On August 22, Notcoin was trading at $0.010. There were early signs that it might climb back to $0.012. However, this upward trend was cut short by the news of Durov’s arrest. 

Currently, Notcoin is trading at $0.0095, dropping below a descending trendline. This decline is not just a result of Durov’s arrest. The broader market sell-offs have also contributed. The sell-offs were likely triggered by the incident in France, where Durov was detained. 

Market Indicators for Notcoin 

Several market indicators suggest further declines for Notcoin. One key indicator is the Bull Bear Power (BBP), also known as the Elder Force Index (EFI). The BBP is a tool that shows whether buyers or sellers have more power in the market. 

• Positive BBP: Buyers (bulls) dominate. 

• Negative BBP: Sellers (bears) dominate. 

Currently, the BBP for Notcoin is in the negative region. This suggests that sellers are stronger, and there is increased selling pressure. If this pressure continues, Notcoin’s price could drop even further. 

Another critical tool is the liquidation heatmap. This shows the price levels where large-scale liquidations might occur. When there is a high concentration of liquidity at a specific price, the price is more likely to move toward that area. Currently, Notcoin has high liquidity around $0.0090. If the selling continues, the price could drop to this level. 

PAAL AI’s Decline and Market Reaction 

PAAL AI has also felt the effects of Durov’s arrest. Before the incident, PAAL was attempting to reach $0.23. However, the arrest caused a sharp rejection in its price, dropping it to the current value. 

The Relative Strength Index (RSI), another market indicator, supports this trend. The RSI measures market momentum and helps predict future price movements. It was nearing the 50.00 neutral line, which indicates a balance between buyers and sellers. PAAL was gaining momentum and pushing toward $0.23. But the arrest news reversed this trend, and the price fell. 

As things stand, if Durov’s detention continues, PAAL’s price could drop to as low as $0.15. 

Market Optimism and Possible Rebound 

Despite these declines, there is still some hope among crypto traders. Some believe that Pavel Durov, who reportedly has a net worth of $15 billion, could be released soon. Notably, popular trader Daan Crypto Trades expressed optimism about Durov’s release. 

If Durov is freed, it could boost the prices of Telegram-linked tokens. NOT might climb back up to $0.012, and PAAL could attempt to reach $0.30. 

The arrest of Pavel Durov has caused significant turmoil for Telegram-related cryptocurrencies. The current market indicators point to further declines for both Notcoin and PAAL AI. However, there remains a glimmer of hope. If Durov is released, we could see a strong rebound for these tokens. The coming days will be crucial in determining their future direction. 

Summary of Current Prices and Predictions 

Investors should keep a close eye on news developments and market indicators. The situation remains fluid, and the future of these Telegram coins hangs in the balance.