Toncoin breaks out after Grok AI integration into Telegram: will TON price hit $6?
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Digital assets exhibited bearish trends on Friday as Bitcoin returned below $87K.
While most altcoins suffered significant losses in the past day, Toncoin remained elevated.
The digital coin gained over 3% in the last 24 hours to test the $4 psychological mark.
The current price places TON above the inverse head & shoulders’ neckline resistance of $3.88, hinting at upward continuation.
Recent optimistic developments keep TON afloat despite broad market uncertainties.
The latest Grok AI integration into Telegram renewed interest in Toncoin.
The artificial intelligence activities are expected to boost user engagement on the messaging platform, benefiting associated projects.
Also, the $400M funding by top US venture capital firms, including Sequoia, Ribbit Capital, and Kingsway, underscored confidence in TON’s long-term performance.
Grok AI integrates with Telegram: impact on Toncoin?
The AI’s integration into Telegram represents a key turning point for the messaging platform and Toncoin.
The alliance might significantly enhance user engagement, generating demand for Telegram-based projects.
Thus, the move might enrich the Toncoin ecosystem with massive liquidity, fueling TON price growth.
Stability above the $4 mark could spark further gains towards $6, an over 50% uptick from TON’s current price.
Ecosystem developments support Toncoin’s bullish trajectory.
The blockchain has seen increased trust from institutional players.
It secured over $400 million from top venture capital companies in the United States.
Crypto VCs bet $400 in Toncoin
Earlier in the month, the TON Foundation confirmed that US venture capital firms invested $400 million in the Open Network project.
The investors included Sequoia, Ribbit Capital, Benchmark, Kingsway, Vy Capital, Draper VC, Libertus Capital, Coin Fund, Hypersphere, Sky Bridge, and Karatage.
Unlike traditional fundraising, the investment will involve direct TON asset purchases from early adopters.
Meanwhile, the funding shows the investors’ confidence in Ton Blockchain’s future success.
Sequoia partner Shaun Maguire stated:
The TON team is the best in the world at the intersection of consumer product thinking and crypto infrastructure. When you combine this with the global distribution of Telegram, we’re very excited to see where they go.
TON price outlook
The altcoin traded in green after soaring more than 3% in the past day.
TON trades at a key zone of $4, with an inverse head & shoulders breakout hinting at continued rallies.
The pattern surfaced in Feb 2025 after TON plummeted to the $2.30 low.
The setup emerged with a neckline resistance around the $3.88 mark.
TON trades above the obstacle, a breakout that coincided with increased 24-hour trading volumes.
Bullish technical and on-chain data show that Toncoin will confirm the breakout.
The inverse head & shoulders pattern targets $6.16, which would mean a 54% uptick from Toncoin’s current price.
However, intensified selling activities in the broad crypto space could delay TON’s anticipated surge.
The post Toncoin breaks out after Grok AI integration into Telegram: will TON price hit $6? appeared first on Invezz
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