Summary
TOMI’s Existing Support Holds as It Pauses above a Record Low of $3.50 – July 30, 2023
tomiNet is currently in decline after reaching a peak of $6.59 and pausing above a record low of $3.50. 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 unsuccessful both times.
Key Points:
- 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
tomiNet has fallen below the moving average lines after a price battle. The altcoin quickly fell below the moving average lines following the rally on June 6. The upward corrective on June 10 and 16 resulted in a drop below the moving average lines. At the time of writing, TOMI is trading at a low of $3.11.
The price indication suggests that the cryptocurrency will continue to fall. However, after a price drop on June 15, the altcoin recovered and tested the 50% Fibonacci retracement level. TOMI is expected to fall to the level 2.0 Fibonacci extension, or $2.88, due to the correction. It is currently retesting the previous price level of May 5.
The market continues its upward trend as it pauses above a record low of $3.50. The cryptocurrency is at a Relative Strength Index level of 30 for period 14, indicating an oversold condition.
Since June 7, TOMI/USD has been falling. 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. More buyers in the oversold area are expected to drive the cryptocurrency up.
The ongoing presale for $WSM is still available to customers, who have so far contributed roughly $19 million. The presale is currently at Stage 26 out of 30 and is almost done. Early investors can buy $WSM for $0.0325, which is less than the projected CEX listing price.
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