TomoChain Soaking Selling Pressure, Will TOMO Bulls Hold Above $0.40?
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Past Performance of TomoChain
Amid a crypto bear onslaught, TOMO crypto is steady, soaking in selling pressure in the past trading day. The token is up by six percent and is firm against the USDT. From the daily chart, bears are still in control, although there is a higher high relative to the lower BB. The primary support remains at $0.40, flashing with June 16 lows.
TomoChain Technical Analysis
TOMO token prices are up versus the greenback in the past trading day. However, sellers are in control, and prices trend above the immediate support level at $0.40. In the short term, a close above $0.48 could jolt demand, forcing TOMO bulls into action. A close above this liquidation level with rising trading volumes may push the coin towards $0.70 as prices bottom up. If not, losses below $0.40 with rising volumes could see prices align with losses of June 10 through 13 towards $0.23 in a bear trend continuation pattern.
What to Expect from TOMO?
Sellers are firm, but there are attempts of higher high. The immediate support line is at $0.40. Meanwhile, gains above June 16 highs, TOMO technical analysis shows, may spark more demand in the short term.