Despite being 5% away from its all-time high, the TON cryptocurrency is still experiencing a significant upward trend. Technical analysis, including both simple and exponential moving averages, indicates that Toncoin is in a strong buying zone, suggesting that its value could continue to rise. The moving average convergence divergence (MACD) and momentum indicators also support this bullish trend. However, the relative strength index is currently at 68, nearing the overbought territory. If the index surpasses 70, it could signal a potential price reversal, leading to a decline in the TON price. Investor sentiment appears to be driven by greed, with expectations that the TON price may reach $7.85 in the coming days.
