Telegram-linked cryptocurrencies experienced significant declines after the arrest of Pavel Durov, the CEO. Tokens such as Notcoin (NOT) and PAAL AI (PAAL) faced steep price drops, with NOT declining by 20% and PAAL by nearly 8%.
Notcoin, initially showing signs of recovery, plummeted to $0.0095 amid declining market trends. Technical indicators like Bull Bear Power turned negative, suggesting continued selling pressure.
Liquidation heatmaps for Notcoin also indicated potential further declines, with high liquidity concentrations at the $0.0090 level targeting further downward movement.
PAAL AI attempted to rally before Durov's detention but fell to $0.20, with the Relative Strength Index indicating declining momentum. Future price could drop to $0.15 if Durov remains detained.
Some traders speculate Durov's imminent release, which could cause a rebound in the prices of both Notcoin and PAAL. Notcoin might reclaim $0.012, while PAAL could aim for $0.30.
