- As per the TomoChain price prediction, the TOMO coin price decreased by 0.61% in the last 24 hours.
- The market capitalization of the TOMO coin is $106.72 Million.
- The TOMO coin price is trading at $1.05191 and the 52-week price bound range is $0.139955 – $3.88.
The TomoChain price prediction highlights that the coin is trading at the current level. If it slides from here, it might reach the next support of $0.64664. TOMO needs to gather the bulls’ power with great momentum to surge above the resistance levels. This month the TOMO coin price trend was bearish as the price was down by 26.09%. The TOMO coin underperformed this month. The TOMO coin price has seen an increment in its price by 303.27% in the last six months which highlights its slightly good performance. Moreover, the TomoChain price year-to-date return is positive with an increase of 310.42%.
TomoChain Price Technical Analysis
Source: TOMO /USD.1D. by TradingView
The TomoChain price prediction indicates that the amount of TOMO coin price traded in a day is $81.342K. As observed in the chart, the trading activity is poor in the TOMO coin, highlighting the lack of the bull’s interest.
The TOMO price has respected its significant trendline forming a downward channel which highlights that the price might go in a downward direction. As examined, the coin’s volume lacks bull’s interest and resistance is high as the price is below major EMA’s. The price is going toward major support. If the price breaks the support line, it will move downward toward the next support.
TomoChain Price
On the day of publishing, TomoChain’s price sustained above 200 and 100 EMA’s from the current level on the 1D chart. The TOMO coin price is trading below the 20 and 50-day EMA (exponential moving average), which is rejecting the TOMO crypto coin price trend downwards. There is a high possibility that the TOMO crypto coin price might decrease more by breaking 100 EMA and reach 200EMA in the forthcoming week if the bears come into action again.
Source: TOMO /USD.1D. by TradingView
The MACD indicator summarizes the downtrend momentum of the TOMO coin price. The MACD line is below the signal line and indicates a bearish crossover. Also, the MACD indicator is in the negative zone below the zero line. The MACD line at -0.03235 and signal line at 0.00563 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.
The current value of RSI is 38.43 points. The 14 SMA line is below the median line at 47.61 points which indicates a downward direction and bearish sentiment in the market. As the price is heading toward oversold territory by taking rejection from 14 SMA, the market is encountering bearish sentiment.
The technical parameters of the TOMO coin price suggest the continuation of the downtrend over the daily time frame chart. The TOMO coin price reflects a pessimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt negative signals about the TOMO coin price.
Extraction
The TomoChain price prediction highlights the sentiments and perspectives of investors and traders regarding the TOMO coin price being bearish in the 1D timeframe. The TOMO coin price reflects a pessimistic view at the time of publishing. The technical parameters for the TOMO crypto coin price indicate bearish pressure.
Technical Levels
- The nearest support level is $0.64664
- The nearest resistance level is $1.70225.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
