Tomi Resumes Sideways Pattern as Buyers Recover Losses

Tomi Resumes a Sideways Pattern As Buyers Recoup Their Losses – August 5, 2023

Since June 7, tomiNet has been declining but holds above $3.00 as you, the buyers, recoup your losses. On August 1, the selling pressure abated as the crypto resumed an upward correction. The bears have not given up, as the altcoin faces additional selling pressure. You, the bulls and bears, are at odds as TOMI stalls above the $3.00 support level.

Main Breakdowns:

The bears have a little edge over the bulls as the altcoin trades in the bearish trend zone.
tomiNet Price Statistics Data:• tomiNet price now – $3.13 • tomiNet market cap – $204,459,024• tomiNet circulating supply – 65,369,656 TOMI• tomiNet total supply – $352,307,085• tomiNet Coinmarketcap ranking – #226
Resistance Levels: $4.50, $5.00,$5.50 Support Levels: $2.00, $1.50, $1.00

Tomi has begun a sideways pattern after the previous loss on August 1, as you, the buyers, recoup your losses. On August 1, the altcoin recovered to a high of $3.32 before falling. The barrier at $3.30 and the moving average lines resisted the upward movement. At the time of writing, the cryptocurrency asset is worth $3.12.

Buyers, you have been able to halt the bearish run for the past five days, as the cryptocurrency’s price has fluctuated between $3.00 and $3.20. TOMI is facing new rejection at the $3.20 high, indicating that the present selling pressure is not done. According to the price indicator, TOMI/USD will fall to a new low of $2.21.

Hot Take:

TOMI/USD has started a new push to resume a sideways trend since August 1. The altcoin is moving within a limited range in preparation for a probable rebound or meltdown. The advent of Doji candlesticks has delayed the price movement. These candlesticks show buyer and seller dissatisfaction with the market’s trajectory. These candlesticks will prolong the traders’ indecision. Meanwhile, a new project, $WSM, is poised to make its public market debut. The ongoing presale, which has been broken down into 30 phases, may end once $30 million has been spent on $WSM. Buyers must be aware that $WSM was intended to be profitable and sustain the Wall Street Bets community. The first purchasers are the project’s founders and early investors, who stand to profit greatly if the token’s price rises. Up to this moment, the presale has realized close to $21 million.