Thrupenny Price Prediction: TPY Faces Steady Climb

Thrupenny Price Prediction: TPY Faces Steady Climb – Is $0.75 on the Horizon?

Updated: 28 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Over the weekend, there was no significant activity across the crypto market, with most altcoins recording slight price movements.

Thrupenny (TPY) has gained 1.3% in the last 24 hours to trade at $0.695 at the time of writing.

Despite the recent bearish sentiment, TPY still holds a 9.5% gain in the last two weeks. Its annual increases currently stand at 134%.

Despite widespread uncertainty, TPY is among the few altcoins that have created all-time highs this year. It reached an ATH of $0.98 in April but has since plunged 28% from record levels.

TPY’s two-week uptrend comes amid a CEX listing for the token. The token was listed on the MEXC Global exchange on August 21, making it readily available to more investors.

.@Thrupennydefi, revolutionizing DeFi with advanced infrastructure, is coming to #MEXCKickstarter 🚀

💰Vote with $MX to share 48,387 $TPY & 20,000 $USDT airdrops
📈 $TPY/USDT trading: 12:00 Aug 21 (UTC)

Details: https://t.co/BaYm3NXkC2 pic.twitter.com/u13iZDbrfJ

— MEXC (@MEXC_Official) August 20, 2023

Exchange listings positively affect a token’s price movement, as seen in TPY’s price growth shortly after the listing.

On August 21, TPY was trading at $0.65. It rallied shortly after the MEXC listing to reach $0.73 by August 22. However, the past week’s lack of bearish momentum across the crypto market led to TPY erasing these gains.

TPY Eyes $0.75 As Markets Consolidate

Thrupenny has been on a steady climb since the start of the month. While buying pressure has not been significant to support the uptrend, the gains have stood out from most tokens.

TPY posted a monthly low of $0.607 on August 11. The price returned to this crucial support level severally despite futile attempts for a breakout.

TPY’s price started to rally on August 17, reaching $0.71. On August 18, TPY had rallied to a monthly high of $0.77.

The uptrend was rejected, and another downturn happened, with TPY dropping to $0.653 on August 21.

While the altcoin’s price movement currently mirrors what is happening across the broader cryptocurrency market, the triple-digit annual gains are commendable.

TPY Faces Rejection At $0.72 Resistance

TPY has attempted to make a rally in the last few days. However, the uptrend keeps being rejected at the $0.72 level.

The weak buying momentum explains TPY’s failure to break past this resistance level. An influx of buyers could see a breakout past $ 0.72 to $0.75.

However, the Relative Strength Index (RSI) 44 shows selling activity. While the selling pressure also appears weak, failure to hold support at $0.69 could trigger a plunge to August 21 levels of $0.65.

The Moving Average Convergence Divergence (MACD) being in the negative zone also shows that bears have the upper hand.

Wall Street Memes Could Be Next Token To Explode As Presale Continues

Crypto traders are looking for the next token to explode, and Wall Street Memes (WSM) is set for significant gains.

WSM has emerged as one of the best presales of 2023, with early investors already raising over $25 million.

Investors are flocking to the token at a low price of $0.0337. The Wall Street Memes community has grown to one million, showing massive support for the project.

WSM’s CEX launch is slated for Q3 2023.

Most Searched Crypto Launch - Pepe Unchained

Rating