Toncoin price rose 3% on Wednesday despite crypto market inflows subsiding after a two-day rally

Toncoin's price action has remained subdued this week, despite a favorable macro environment for privacy-focused projects.

Toncoin price rose 3% on Wednesday despite crypto market inflows subsiding after a two-day rally. A recent report by a crypto news outlet suggests Elon Musk’s Grok’s integration into the Telegram social network could trigger breakout gains in the weeks ahead.

What Happened: Toncoin’s price action has remained largely muted this week, even as broader market trends bode well for privacy-focused projects.

The U.S. Securities and Exchange Commission’s recent decision to lift sanctions on Tornado Cash has sparked gains for TORN, Monero (XMR), and ZCash (ZEC). But TON has yet to capitalize on this positive momentum, with its price remaining confined to a tight trading range.

Toncoin price action / Chart: Benzinga Pro

Toncoin price moved up 2.6% over 24 hours and was trading at $3.68 at press time. Its 24-hour trading volume was $60.38 million, and its total market capitalization was $8.9 billion.

According to a recent report by CryptoSlate, Elon Musk’s Grok AI has now been integrated into the Telegram social network.

This development is noteworthy as it signifies a partnership between two prominent figures in the technology industry.

Earlier this year, Musk announced the launch of Grok, an AI chatbot designed to provide factual information and answer user queries in a comprehensive manner.

The report also mentions that projects built on the Toncoin blockchain are already deeply embedded within Telegram’s social network.

Now, with the integration of Grok AI, these projects can leverage the advanced capabilities of the AI to improve their functionality and user engagement.

According to data from DeFiLlama, the total value locked in the Toncoin ecosystem is currently around $163 million.

If the integration of Grok AI is met with enthusiasm from users and developers, this figure could see a significant increase in the coming weeks, ultimately strengthening the ecosystem’s fundamentals and driving higher demand for Toncoin.

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At present, Toncoin is consolidating above the $3.50 level. A breakout above the psychological $4 resistance could spark renewed interest from investors and propel Toncoin’s market valuation past the $10 billion milestone.

As Telegram’s user base continues to expand and Grok AI adoption grows, the Toncoin ecosystem may find itself at the center of a new wave of blockchain-AI convergence.

Toncoin Price Prediction: TON Eyes $4 Breakout As RSI Shows Bullish Momentum

Toncoin’s price remains in a consolidation phase above $3.50, with indicators suggesting growing bullish momentum.

The Keltner Channel (KC) highlights a squeeze, with TON currently testing the midline at $3.46 (yellow line) and approaching the upper boundary at $3.91 (red line). A decisive breakout above this resistance could signal a continuation toward the psychological $4 level.

TON price action on 4-hour chart. Triple A

The MACD histogram shows sustained bullish momentum, with the MACD line (0.071) trending above the signal line (0.010). This suggests buyers are gaining strength, although the slight decrease in histogram bars signals a potential slowdown in upward momentum.

Volume remains moderate at 3.93M, indicating sustained participation but no explosive surge yet for a breakout.

If TON fails to break above $3.91, a rejection could trigger a retest of $3.37, marked by the Parabolic SAR support. A breakdown below $3.37 may push TON toward $3.00, invalidating the bullish case.

However, if buyers maintain pressure, a move toward $4 is more likely. A decisive close above $4 would propel TON toward $4.20, further reaffirming the bullish case.