In this TomoChain technical analysis, we will examine the current price action, trading volume, key levels and indicators for TOMO-USDT. TomoChain (TOMO) is a privacy-focused blockchain that utilizes zero-knowledge proofs and homomorphic encryption to protect user data. Its mainnet was launched in 2019, and since then, it has gained significant attention from developers and investors due to its unique approach to privacy and security. TomoChain’s decentralized architecture allows for fast and secure transactions without compromising on privacy, making it an attractive option for users who value their data protection.
TomoChain Price Overview:
As of October 02, 2023, TomoChain is trading at approximately 1.4285 USDT. Let’s dive into the detailed price action for TOMO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.3481 |
| High (H) | 1.53 |
| Low (L) | 1.3468 |
| Close (C) | 1.4285 |
| Volume (C) | 11,547,618.60 |
- Open (O): The opening price for today’s trading session was approximately 1.3481 USDT.
- High (H): TomoChain reached a daily high of around 1.53 USDT.
- Low (L): The daily low for TOMO-USDT was approximately 1.3468 USDT.
- Close (C): At the time of analysis, TomoChain is trading near its daily close of 1.4285 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 5.96% |
| 3D Change (%) | 11.05% |
| 7D Change (%) | 12.48% |
| 30D Change (%) | 15.03% |
| 90D Change (%) | 42.54% |
| YTD Change (%) | 459.32% |
Over the past three days, TOMOUSDT has increased by approximately 11.05%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 12.48%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TOMOUSDT maintaining an upward trend of approximately 15.03%, despite intermittent fluctuations. Examining the last 90 days, TOMOUSDT has witnessed substantial increase of approximately 42.54%, reflecting strong long-term confidence. Year-to-date, TOMOUSDT has steadily increased by around 459.32%, 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-USDT 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 0.47212.
- Momentum score is 0.15025.
TOMO USDT Technical Analysis
TomoChain Trading Volume:
The trading volume for TomoChain (TOMO) over the past 24 hours has been significant, with approximately 11,547,618.60 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): TomoChain is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TOMO-USDT is currently in the high zone, around 56.40576. This suggests that TomoChain is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
TomoChain (TOMO-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward movement.
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.
