TOMI’s Existing Support Holds as It Pauses above a Record Low of $3.50 – July 30, 2023
tomiNet is in decline after peaking at $6.59 as it pauses above a record low of $3.50. The cryptocurrency asset reached a high of $6.59 on June 6. The rally was interrupted when the altcoin entered the overbought territory. Buyers tried twice to keep the bullish momentum above the moving average lines but were repulsed both times.
tomiNet Price Statistics Data:
• tomiNet price now – $3.18
• tomiNet market cap – $207,852,186
• tomiNet circulating supply – 65,369,656 TOMI
• tomiNet total supply – $357,550,587
• tomiNet Coinmarketcap ranking – #225
Resistance Levels: $4.50, $5.00,$5.50
Support Levels: $2.00, $1.50, $1.00
TOMI/USD has fallen below the moving average lines following a price battle above the moving average lines. TOMI fell quickly above the moving average lines after the rally on June 6. The June 10 and 16 upward corrective culminated in a drop below the moving average lines.TOMI is now trading at a low of $3.11 at the time of writing.
The price indication suggested that the cryptocurrency would continue to fall. Meanwhile, after a price drop on June 15, the altcoin recovered and a candle body tested the 50% Fibonacci retracement level.TOMI is expected to fall to the level 2.0 Fibonacci extension, or $2.88 as a result of the correction. The crypto asset has decreased in price and is retesting the previous price level of May 5.
The market continues its upward trend as it pauses above a record low of $3.50. Furthermore, the cryptocurrency is at a Relative Strength Index level of 30 for period 14. The fall has reached oversold territory.
Since June 7, TOMI/USD has been falling. On July 11, the altcoin fell to a historical low of $3.50 per coin. After holding the $3.50 support for two weeks, the altcoin reversed upward and retested the 21-day SMA, resulting in an additional fall. The market has dropped to a low of $3.11, indicating an oversold condition. Buyers will emerge in the oversold region, putting an end to the current fall. More purchasers in the oversold area will drive the cryptocurrency up.
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