Despite being 5% away from its all-time high (ATH), the TON price is still on an upward trajectory. Technical analysis, including simple and exponential moving averages, suggests that Toncoin is in a strong buying zone, indicating the potential for further value growth. The moving average convergence divergence (MACD) and momentum indicators also support this bullish outlook. However, the relative strength index is currently at 68, nearing the overbought zone. If the index surpasses 70, it could signal a price reversal leading to a decline in the TON price. Investor sentiment is currently driven by greed, with expectations that the TON price could reach $7.85 in the coming days.
