The Tomi Network is a unique ecosystem that aims to deliver financial freedom to everyone. It includes a decentralized exchange (DEX), a peer-to-peer lending platform, a social media platform, and a gaming platform. The Tomi token is the native utility and transaction token of the network, and it is used for various purposes, such as paying fees, staking, governance, rewards, and more.
As per tomiNet itself on CoinMarketCap website, which is a crypto analysis website. Bitfinex, one of the longest-running and most liquid major cryptocurrency exchanges has officially listed the Tomi token on its platform.
This will enable users to buy and sell the Tomi token on Bitfinex using various trading pairs, such as TOMI/USD and TOMI/USDT. This is a huge milestone for the Tomi project as it will increase the exposure and liquidity of the Tomi token, and attract more users and investors to join the Tomi ecosystem.
TOMI fell by 0.22% in market value and by 8.83% in trading volume in the last 24 hours, as per Coinmarketcap. Its market value is $260,641,499 and its trading volume is $27,830,281.
There are 65,369,656 TOMI in circulation which is the amount of coins that are circulating in the market and are in public hands. Also, the maximum amount of coins that will ever exist in the lifetime of the TOMO crypto is its FDV (fully diluted value) of $449,293,786.
Technical Analysis of TOMI on 1-D Timeframe
The tomiNet price has been on an uptrend since its launch making higher highs and lows and moving in an upward channel, the first support was $2.30.
The tomiNet price is now at $4.00 and the price stepped up from Fibonacci levels of 61.80%, 50.00%, and 23.60%.
The tomiNet price could ascend more. Then, the next probable resistance levels could be $4.05 and $4.415, based on the previous highs and lows.
The tomiNet price could drop further if it fails to break the current resistance and keeps falling. The next support levels could become $3.02 and $2.57.
Conclusion
The tomiNet price forecast shows a bullish outlook from investors and traders in the daily time frame. TOMI price action reveals an uptrend at the time of writing. Moreover, the daily chart shows the price trend is positive as the technical indicators suggest.
Technical Levels
- Support levels: $3.02 and $2.57
- Resistance levels: $4.05 and $4.415
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/09/18/tominet-price-forecast-2023-is-tomi-price-gonna-touch-new-peaks/