What’s Next for TOMO After All-Time High Price? – BeInCrypto

On Feb.5, Tomochain (TOMO) reached a new all-time high price. It has, however, decreased slightly since.

The drop served to validate the previous resistance area as support, and TOMO should resume its upward movement towards $2.20 and possibly higher.
All-Time High
On Feb.

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TomoChain (TOMO) Breaks Out but Fails to Maintain Higher Prices – BeInCrypto

The Tomochain (TOMO) price has broken out from a long-term descending resistance line but has failed to sustain its higher prices.

While TOMO is expected to continue increasing, a retracement could occur prior to the resumption of the upward move.

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TOMO Fails to Break Out Again, What’s Next? – BeInCrypto

The Tomochain (TOMO) price has been struggling to break out from a descending resistance line since Aug. 13.

Technical indicators are bearish, suggesting that another drop towards the support area outlined below is likely before the price makes another breakout attempt.

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Tomochain’s (TOMO) Rejection Casts Doubt In Bullish Prospects

While the Tomochain (TOMO) price is resting above several crucial support levels, technical indicators and the wave count suggests that the price has begun to correct.

TOMO Holds on to Support
The TOMO price reached a high of $1.

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Tomochain (TOMO) Sheds 22% After Losing Battle with Resistance – BeInCrypto

The Tomochain (TOMO) price has been increasing significantly since it reached a local low on Sept 5.

Despite the significant rejection on Oct 1, it’s possible that the correction has ended and TOMO has begun a new upward move.
TOMO Bounces at Support
On Aug 13, the TOMO price reached a high of $1.

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