tomiNet Price Prediction for Today August 5: TOMI Stalls above $3.00 as Buyers Recoup Their Losses

Updated: 05 August 2023

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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 buyers recoup their 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. Bulls and bears are at odds as the TOMI stalls above the $3.00 support level.

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/USD has begun a sideways pattern after the previous loss on August 1, as buyers recoup their 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 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.TOMI/USD will fall to a new low of $2.21, according to the price indicator.

tomiNet Price Prediction for Today August 5: TOMI Stalls above $3.00 as Buyers Recoup Their Losses — TOMI/USD – 4 Hour Chart

This is because the cryptocurrency corrected upward on June 15, and a candle bod tested the 50% Fibonacci retracement level. This correction has resulted in a recent drop. The decrease is predicted to reach level 2.0 Fibonacci extension, or $2.21. If the market approaches the Fibonacci extension, it will be highly oversold. TOMI is currently entering the oversold territory on the Relative Strength Index for period 14 at level 32.

Alternatives to tomiNet

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.

The Wall Street Memes ($WSM), a new project, is poised to make its public market debut. The market uncertainty has no impact on the current presale. 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.

New OKX Listing - Wall Street Memes

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