Will TET Price Break Above the $50 Mark?

The Tectum Emission Token price faces rejection from the upper resistance levels, showing the bears are in the mood to turn the trend and take the price in their grip. However, despite the mild price fluctuation, the overall trend is bullish until the bears firmly pull the price below the recent major swing low.

The TET crypto asset is displaying a short-term correction but a possible rising tendency in the upcoming sessions as the major trend is bullish. Reliant on the buyers’ surge could also turn around.

The Tectum Emission Token price displays major bullish qualities and can advance further by breaking upper levels. Coming to the past price structure on the daily chart, it has performed well in the last week, month, and three months by 2.70%, 11.13%, and 156.71%, respectively. That shows a steady upward movement so far.

The sellers are not showing strength in the crypto and have been showing low momentum candles on the chart. Further, it shows rejections from dynamic supports of 20-day and 50-day EMAs. These factual circumstances on the daily chart show a sign of a comeback of buyers’ interest.

Can TET Crypto Boost Upwards Over the Daily Time Frame?

At the time of publishing, the TET token is experiencing a decline of 1.44% in the last 24 hours, trading at $30.184. That data shows the sellers are struggling to break down immediate support levels and buyers are strong in the overall trend. If the momentum surges, the price might reverse and reach upper levels.

Moreover, the TET crypto has shown major price movement as sideways and symbolized the accumulation of strength. Now, it seems ready for a massive surge and could blast through the barrier above from the current demand zone.

In addition, the Tectum Emission Token exhibits bullish strength as MACD in both lines is still above zero line, despite the mild fall. The MACD line is at 0.893, the signal line is at 0.875, and the histogram graph is at 0.012. Similarly, the RSI is above the 50 level, implying that the TET crypto asset is still in positive territory and can push further up.

Overall, the technical parameters highlight that the sellers might be on fumes, and buyers may show their dominance again and reach upper levels.

Therefore, if the buyer’s demand represents a resurgence for the TET asset price, it could bounce back sharply from the current level. The next goal for the price could be to reach $50, and in-between resistance could be $40 in the process.

However, if the crypto price fails to stay above the $25 level, it could decline further and reach lower depths beyond the major support.

Summary

The TET crypto highlights that the technical indicators are portraying bullish sentiments, and the price structure of the overall trend is bullish. The overall traders’ and investors’ sentiments for the asset seem bullish and expect a turnaround in the upcoming sessions.

Technical Levels

Support Levels: $25

Resistance Levels: $40

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.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.