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TomoChain Price Analysis: TOMO Coin Enters The Demand Zone

  • The TOMO coin price falls, around 1.6% during intraday.
  • The 24-hour trading volume is at $4.556 million.
  • TOMO/BTC pair is trading neutral by 0.5% at 0.00003926 BTC.

TOMO coin daily technical chart and price trend show a downtrend. Based on the pivot point, the support zone is 1.15 USDT. Another way to look at it is that if it rushes upside, the resistance level to watch is 3.50 USDT. Therefore, the chart shows a Doji candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength over a short period of time.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost struggles around the red band. This guarantees a fall in TomoChain until it is below the ribbon.

Trading volume (465.991 K) is close to the 20-day moving average (495.596 K). The volume is high, so the cost is trying to test the pivot point. Investors may also notice that the volume bar on the chart increases. This indicates that unusual volatility is common on the following trading days.

The RSI indicator gave a signal (Neutral) with 52, projecting a neutral signal in the currency. Investors can observe a flat slope. It can rise in future trading sessions.

Long-Term Perspective of TOMO Coin Price Trend

The weekly technical chart and price trend of TOMO coin show the beginning of a bullish trend. Based on the pivot levels, the support zone is $1.30 USDT. On the upside, if it breaks, the level of resistance to search is $5.0. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.

TomoChain value today is $2.39 with a 24-hour exchanging volume of $4,559,435. TOMO cost is down -1.6% as of now. It has a coursing supply of 86 Million TOMO coins and an all out supply of 100 Million. The RSI points to a flat signal, and the traders have prompted high volume. In fact, the cost moves below the pivot levels. Likewise, the general market outlook is that this pattern will continue to struggle over the next few trading days.

Resistance Level: $3.50 & $5.0

Support Level: $1.15 & $1.30

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.