The Resistance Dog token, a Ton-based asset, has experienced a significant surge driven by increased social media interest following the arrest of Telegram founder Pavel Durov.

On Aug. 25, Resistance Dog saw a sharp breakout from a symmetrical triangle pattern, with its price soaring over 100% in a single day. This surge was fueled by an outpouring of support from the crypto community, particularly after the Ton X account changed its display picture to REDO’s logo to show solidarity with Durov. CoinGecko also updated the Ton icon to REDO’s logo.

Many crypto community members followed suit, leading to a rise in REDO’s social dominance. This gesture symbolized a stand against censorship, aligning with REDO’s ethos, and resonated with the community that views Durov’s arrest by French authorities as an act of suppression.

Technical Analysis of REDO Token

The chart shows that the REDO crypto token price broke out from a narrowing symmetrical triangle formation — a bullish continuation pattern — indicating strong upward momentum.

The breakout was followed by a swift rise in price, reaching as high as $0.9 on Monday, before retracing slightly.

The three-day rally, which resulted in a 159% increase, highlights significant volatility and heightened trading interest. However, the recent pullback shows a retest of the triangle’s upper boundary, which could serve as a support level. If the price holds above this support, further gains could be on the horizon, with potential targets at the recent highs near $0.9 and beyond.

REDO’s uptrend contrasts with TON’s decline in response to Durov’s arrest. The REDO Keltner Channel, which envelopes the price based on volatility, indicates that REDO’s price has broken above the upper band, suggesting an overbought condition.

Additionally, the Commodity Channel Index (CCI) is currently at 174.98, confirming the overbought condition. This could imply a short-term consolidation or a slight correction before resuming its upward trend.

Market Outlook

Notably, REDO may face a temporary cooldown, giving the market time to digest the recent gains. As of the reporting time, the REDO token has gained another 3% this morning, currently trading at $0.6360. REDO’s market cap is hovering over the $65 million mark.

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