Despite being 5% away from its all-time high, the TON price is showing a strong upward trend. Technical analysis, including both simple and exponential moving averages, suggests that Toncoin is currently in a strong buying zone, indicating the potential for further value appreciation. This sentiment is further supported by indicators such as the moving average convergence divergence (MACD) and momentum indicators. 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 prevailing sense of greed among investors, with expectations that the TON price could climb up to $7.85 in the coming days.
