- The ongoing bullish activity in the market of the Threshold token gives the price an upward move of almost 25%.
- It is trading at $0.0215 with an intraday rise of 14.4%.
- The token is down by 90.29% from the all-time high value.
The Threshold coin price gives an immense bullish move after taking support from the trendline. It marked its yearly high of $0.06441 at the end of January. The T token started its upward movement on the bullish trendline after its price took the support from $0.0160 and $0.0176 support levels. Since then, the price has reached new higher highs.
It has marked an all-time high of $0.2245 on 2nd Mar 2022. The market capitalization during this high was at $886.99 Million.
The token is presently trading with an immense hike of 845% in the trading volume in the past 24 hours.
The market capitalization of the token is currently at $197.53 Million. It has a circulating supply of 9.21 Billion T coins, which is 87.59% of the total supply. The 24-hour trading volume of the token is $217.84 Million.
Sentiment Analysis
The total market volume of the token has a massive increase of 433.9% in a week. Its current market dominance has surged by 4.78%. The current market cap of the token has a growth of 2.02%. Overall sentiments indicate a bullish movement in the price as the volume of the token has a massive weekly increase.
Technical Analysis Of the T Coin (Daily-1D)
The chart shows that the threshold price started a bearish freefall after breaking down from the $0.023 zone. The price went down to $0.0160. It took support from there and started to move on a bullish trendline. It is currently moving bullish. The T coin price also broke the $0.019 resistance level. It will now act as support if the price sustains above it.
The price got rejected from the $0.023, where the trades of the bearish investors were planned and the price went down. If bulls have to maintain their dominance, they have to get above the resistance level of $0.023 and sustain further bullish movement in the price.
However, If the price breaks below the bullish trendline and the support level of $0.017, it might again fall to the support level of $0.016. The T coin price will get bearish again.
The price is presently above the 50-day EMA, which also indicates a bullish move. T coin’s price may get bearish if the price loses the support of EMA.
What Do Indicators Say About the Threshold Coin
Relative Strength Index (RSI)
The RSI line is presently moving at 66.41 points and the SMA 14 is moving at 54.42 points. Both are above the neutral level of 50. The RSI has not yet entered the overbought region, which means there is some bullish fuel left. The price can break the resistance of $0.023 in the next bullish move.
Moving Average Convergence/Divergence (MACD)
The fast blue line moving average is moving above the red slow line moving average. It is showing increased volumes in the histogram, which is a positive sign of a bullish move.
THRESHOLD LIVE CHART
Conclusion
The overall analysis of Threshold price shows that the price is under a bullish move and the volume has a huge increase. The RSI has still not entered the overbought region, which shows there can be some upward movement. The price has to maintain its move on the trendline for a bullish move further. If it breaks below the trendline, it can be bearish.
Technical Levels
- Support Level: $0.016 to $0.017 and $0.019 (If price sustains above it)
- Resistance: Level: $0.023 and $0.024
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.