Toncoin price (TON) is back in the green, rallying over 8% in 24 hours to trade around $2.34. The rebound comes on the heels of two major ecosystem catalysts: Telegram’s unveiling of Cocoon, a decentralized confidential AI network, and Chainlink’s CCIP and Data Streams going live on TON.
At the BLife Forum, Telegram founder Pavel Durov introduced Cocoon, the “Confidential Compute Open Network” designed for private AI inference.
The system rewards GPU providers in TON tokens for powering AI workloads, directly positioning TON as a decentralized infrastructure player in the emerging AI x blockchain race. Telegram itself will integrate Cocoon into its global platform in November, amplifying exposure across its billion-user base.
Chainlink also announced on October 31 that its Cross-Chain Interoperability Protocol (CCIP) and Data Streams are now live on TON. This integration connects TON to over 60 other blockchains. It addresses the long-standing liquidity fragmentation issue and opens new opportunities for DeFi growth.
Furthermore, data from Artemis shows 327K daily transactions and 73K active users, with TON’s TVL at $128 million, indicating sustained network utility even after months of price pressure. DEXs like STON.fi have seen a 113% increase in monthly volume, driven by memecoin trading and new liquidity inflows.
Toncoin Price Prediction: TON Market Sentiment Turns Positive
TON Coin is testing the upper limit of a short-term recovery channel. The RSI is around 53, showing a balance between buyers and sellers. The MACD has a new bullish crossover, suggesting momentum could increase if buying pressure continues.
On the charts, immediate resistance is between $2.40 and $2.60, while support is around $2.15. A clear break above the upper resistance could lead to a rise to $3.00, which was last reached in September.
However, TON is still down over 50% this year. This backdrop keeps price fluctuations likely, even though short-term sentiment is cautiously optimistic.
Currently, Telegram-supported AI infrastructure, along with Chainlink’s blockchain integration, may signal a recovery in November, as far as the overall performance in Bitcoin and crypto markets is positive.
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