Toncoin has faced challenges but shows signs of recovery, bolstered by the launch of the T-Fund, which aims to accelerate the TON ecosystem's growth by supporting new projects. This development, along with positive market sentiment, has sparked optimism about a potential 80% rally in Toncoin's value. Currently, the coin is trading at $5.36 after a 1.3% increase in the last 24 hours.

Toncoin is bouncing back after finding support at the $4.50 level. While still below key moving averages, the price is testing crucial Fibonacci retracement levels. If it breaks above the 50 EMA, it could surge 84% to $10. However, failure to hold support may push the price down to $3.50.

Network data shows Toncoin addresses hitting an all-time high, with daily active addresses significantly outpacing Ethereum. Traders remain bullish, with more long trades than short, signaling strong support between $5.00 and $5.17.