Despite the TON coin inching closer to its all-time high by just 5%, the altcoin continues to soar in its upward trajectory. Based on technical analysis, which includes both simple and exponential moving averages, Toncoin is currently placed in a strong buying zone, indicating the potential for further price appreciation. Furthermore, indicators such as the moving average convergence divergence (MACD) and momentum also point towards a bullish trend. However, the relative strength index stands at 68, nearing the overbought territory. Should the index surpass 70, a possible price reversal could occur, leading to a decline in the TON coin price. Presently, there is a prevailing sense of greed among investors, with expectations that the TON coin price may reach $7.85 in the coming days.
