Altcoins
TomoChain (TOMO) Price Analysis: Watch Out TOMO for the Next Month
In the last 30 days, TomoChain (TOMO) jumped from $1.2419 and currently trading at $1.52. Even on a weekly basis, TOMO seems bullish and moving in upward direction.
Introduction
TomoChain (TOMO) was released back in December 2018 as a project to enhance the stability of the Ethereum Blockchain. In the last couple of years, TOMO has been struggling and emerging in the crypto industry and can be a profitable digital asset for traders and investors in the coming time.
Price Value
TOMO’s current price value is $1.56 which keeps on fluctuating on an hourly basis. TOMO started bouncing back on 21st September 2023 from $1.2419 and since then its green graph has been moving upward. Crypto investors and traders have seen a significant growth of 21.09% in the following month with continuously growing market cap value.
Statistical Data
Currently, TOMO is trading at $1.52 with a 24-hour trading volume of $9,862,124. The total TOMO supply circulating in the market is 96,830,754 TOMO. The market cap of TOMO is $147,474,373 which shows a growth of 0.05% in the market cap.
Also Read: 3 Undervalued Cryptocurrencies to Watch for Next Couple of Weeks
Monthly Price Analysis
If we look at the analytical chart we shall come to know that TOMO has been showing significant growth in the ongoing month. In the last 30 days, TOMO jumped from $1.2419 and currently trading at $1.52. On a weekly basis, TOMO is showing a bullish trend.
The ongoing month has been evidence of TOMO’s growth in terms of its price value, market cap and trading volume. If TOMO keeps the same track, it is expected to benefit the traders and investors.
Support and Resistance Level
In the last 30 days, TOMO went three times below the support level and touched the value of $1.2419 but then bounced back and since then moving in the upward direction. TOMO hasn’t met the resistance level but touched the price of $1.5487 on the 20th of October 2023.
Price Prediction
The graphical representation of TomoChain (TOMO) is continuously moving in an upward direction. And if TOMO keeps on moving in the previous manner it is more likely for TOMO to reach or cross $3 in the following month.
Conclusion
TOMO can be a good digital asset and has the ability to benefit investors and traders. The above-mentioned price prediction is based on the analytical tools and previous performance. Traders and investors are highly advised to do complete research before investing in it.
