TOMO BTC TomoChain Technical Analysis

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By Frans van Elst

TomoChain logo In this TomoChain technical analysis, we will examine the current price action, trading volume, key levels and indicators for TOMO-BTC. TomoChain is a blockchain-based platform that enables developers to build scalable and secure decentralized applications. It utilizes a proof-of-view consensus algorithm, which allows for faster transaction processing times and lower energy consumption compared to traditional proof-of-work algorithms. Additionally, TomoChain’s modular architecture allows for the integration of various sidechains, enabling interoperability with other blockchain networks.

TomoChain Price Overview:

As of May 15, 2024, TomoChain is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for TOMO-BTC:

Assess TomoChain’s (TOMOBTC) risks at 3.30e-05 BTC with bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 3e-05
High (H) 4e-05
Low (L) 3e-05
Close (C) 4e-05
Volume (C) 91,999.20
  • Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
  • High (H): TomoChain reached a daily high of around 4e-05 BTC.
  • Low (L): The daily low for TOMO-BTC was approximately 3e-05 BTC.
  • Close (C): At the time of analysis, TomoChain is trading near its daily close of 4e-05 BTC.
Metric Value
1D Change (%) 8.76%
3D Change (%) 14.45%
7D Change (%) 13.61%
30D Change (%) -25.89%
90D Change (%) -35.95%
YTD Change (%) 138.34%

Over the past three days, TOMOBTC has risen by approximately 14.45%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 13.61%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TOMOBTC maintaining a downward trend of approximately -25.89%, despite intermittent fluctuations. Examining the last 90 days, TOMOBTC has witnessed substantial decline of approximately -35.95%, reflecting strong long-term confidence. Year-to-date, TOMOBTC has steadily increased by around 138.34%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

TomoChain Live Chart:

You can access a live price chart for TOMO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.04975.
  • Momentum score is -0.2926.

TOMO BTC Technical Analysis

TomoChain Trading Volume:

The trading volume for TomoChain (TOMO) over the past 24 hours has been insignificant, with approximately 91,999.20 BTC traded against TOMO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): TOMO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): TomoChain is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for TOMO-BTC is currently in the low zone, around 44.166. This suggests that TomoChain is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

TomoChain (TOMO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Assess TomoChain’s (TOMOBTC) risks at 3.30e-05 BTC with bearish technical analysis, highlighting weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on TOMO USDT TomoChain Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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