TomoChain (TOMO) Prints Higher, Finds Resistance at $0.65

TomoChain crypto is up eight percent in the last trading day, outperforming the USDT. However, TOMO is capped below the middle BB and $0.65, pointing to weakness. Past Performance of TomoChain TomoChain technical analysis shows that crypto prices are up by eight percent on the last trading day, posting gains versus the USDT. Overall, TOMO coin prices are in range, moving horizontally and defying gravity. Nonetheless, TOMO token prices are under intense selling pressure since the primary trend is bearish. TomoChain Technical Analysis The primary trend for TomoChain coin prices is southward. Bulls are yet to break above the middle BB despite attempts for higher highs in the past trading day. Besides, the immediate resistance level stands at around $0.70. This level flashes with May 11 highs and is a crucial reaction level that buyers must break to signal a welcomed price turnaround. Currently, TOMOUSDT is within a bear breakout formation, and prices are in a downtrend from a top-down preview. Because of the failure of TOMO token bulls to reverse May 11 and 12 losses, sellers are dominant from an effort-versus-results perspective. Presently, losses below $0.50 may trigger more sell-offs towards 2022 lows at $0.46 as prices snap back to the primary trend. What to Expect from TOMO? TOMO crypto buyers may be rejecting lower prices at spot rates, but the primary trend is bearish. However, a foundation for higher highs could be laid i...