In spite of the TON price being just 5% away from its all-time high (ATH), the altcoin continues to ride the wave of its upward trend. Technical data, including both simple and exponential averages, indicate that Toncoin is currently in a strong buy zone, suggesting that its value could soar even higher. Moreover, both the moving average convergence divergence (MACD) and momentum indicators confirm this positive outlook. However, caution is warranted as the relative strength index hovers around 68, nearing the overbought zone. If the index surpasses 70, there is a possibility of a price reversal, causing the TON price to decline. Presently, investor sentiment is predominantly driven by greed, fueling the potential for the TON price to reach $7.85 within the next few days.
