Despite TON’s price being just 5% below its all-time high, the altcoin continues to soar in an upward trajectory. Based on technical analysis, which includes both simple and exponential moving averages, Toncoin is firmly situated in a strong buy zone, suggesting that its value may continue to rise. The moving average convergence divergence (MACD) and momentum indicators also confirm this bullish trend. However, the relative strength index is hovering around 68, approaching the overbought territory. If the index surpasses 70, it could signal a potential price reversal, leading to a decline in the TON price. Currently, investor sentiment is driven by greed, with expectations of TON reaching $7.85 in the coming days.
