Bitcoin and other crypto tokens continued their downward movement on Tuesday, as the digital token trader shifted their focus to Sam Altman affiliated Worldcoin, which is now banned in the US. However, traders will be looking at the US Federal Reserve’s monetary policy meeting.
TomoChain (TOMO) is a project aimed at enhancing the scalability of the Ethereum blockchain, primarily by boosting its transactions per second (TPS) capacity. The ultimate objective of the project is to construct a blockchain infrastructure catering to decentralized apps (DApps) while enhancing integration and security.
The TOMO/USDT price has jumped up by nearly 4 per cent in the last 24 hours. In the weekly time frame, TOMO has formed a distinctive cup and handle pattern, with the trend almost breaking out of the same. The next resistance is expected at $1.66 and a strong support is expected at the $0.81 level.(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
