Despite being 5% away from its all-time high, the TON price is experiencing a strong upward trend. Based on technical analysis, which includes both simple and exponential moving averages, Toncoin is currently in a prime buying zone that may propel its value even higher. The moving average convergence divergence (MACD) and momentum indicators also support this bullish trend. However, the relative strength index is hovering around 68, nearing the overbought territory. If the index surpasses 70, there is a possibility of a price reversal leading to a decline in the TON price. Presently, investor sentiment is driven by greed, suggesting that the TON price could reach $7.85 in the coming days.
