Despite being just 5% away from its all-time high, TON is still riding high on its upward trajectory in the world of altcoins. Technical analysis, including both simple and exponential moving averages, indicates that Toncoin is currently in a strong buy zone, suggesting that its value could continue to rise. The moving average convergence divergence (MACD) and momentum indicators only serve to reinforce this bullish sentiment. However, the relative strength index is hovering around 68, dangerously close to the overbought territory. If it surpasses the 70 mark, there is a risk of a price reversal that could send TON tumbling downwards. Currently, investor sentiment is driven by greed, and there is a possibility that TON could reach $7.85 in the coming days.
