Despite the TON price being 5% away from its ATH, the altcoin’s upward trend is still at its peak. According to technical
data
, including simple and exponential averages, Toncoin is in a strong buy zone, which could push its value even further. Additionally, the moving average convergence divergence (MACD) and momentum indicators highlighted the same situation. However, the relative strength index is around 68, closer to the overbought zone. If the index rises above 70, a price reversal could occur, pushing the TON price downward. Currently, greed is high among investors, and the TON price could rise to $7.85 in the next few days.