Despite being 5% away from its all-time high (ATH), the TON price is still on a steady upward trajectory. Technical analysis, including both simple and exponential moving averages, indicates that Toncoin is currently in a strong buy zone with the potential for further value increases. 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, there is a high level of greed among investors, suggesting that the TON price may reach $7.85 in the upcoming days.