Despite being 5% away from its all-time high (ATH), the TON price continues to experience a strong upward trend, reaching its peak. Various technical indicators, such as simple and exponential averages, suggest that Toncoin is in a robust buy zone, which has the potential to further increase its value. Moreover, both the moving average convergence divergence (MACD) and momentum indicators confirm this positive situation. However, it is worth noting that the relative strength index stands at approximately 68, indicating that it is getting closer to the overbought zone. If the index surpasses the 70 mark, there is a possibility of a price reversal, causing the TON price to decline. At present, there is a prevailing sense of greed among investors, and as a result, the TON price is anticipated to rise to $7.85 within the upcoming days.
