In the past 24 hours, the price of the cryptocurrency TON has recorded an impressive increase, exceeding the 3.6 USDT threshold and currently trading around 3.668 USDT, corresponding to a growth rate of 22.72%. This breakout occurred shortly after the news that Telegram reached a strategic partnership agreement with xAI – the artificial intelligence company founded by Elon Musk.
The agreement between the two parties has been announced to be for a duration of one year, with a total value of up to 300 million USD, including both cash and equity. Although specific details have not yet been fully disclosed, the market reacted immediately, as evidenced by the strong increase of the TON token – which is the native token of the Ton Blockchain ecosystem, now being increasingly integrated by Telegram.
🔍 Analysis perspective:
• The collaboration event between Telegram and xAI is regarded by the market as a significant milestone, opening up the possibility of integrating AI solutions into the messaging platform with hundreds of millions of users. This could increase the applicability and demand for $TON in future services.
• The strong price increase along with a surge in trading volume indicates that speculative funds are returning, but it also means that the risk of short-term corrections increases if there is no further supporting information.
• Technically, TON has broken through the important resistance zone of 3.5–3.6 USDT, confirming a breakout signal on the daily chart. If the price continues to hold above this zone, the near target could aim for the 4.2 USDT mark.
⚠️ Recommendation:
Investors should be cautious about chasing purchases in the context of prices having increased too rapidly in a short period. A reasonable strategy is to wait for the price to correct to the support zone of 3.3–3.4 USDT, observing price behavior and volume to determine a safer entry point.