TNNS price currently hovers at $0.0485, representing a 0.54% price increase in the last 24 hours. Its price gain in the last 7 days stands at 7.58%. TNNS is likely benefiting from the positive outlook of the global crypto market, standing at 1,538,449.02, representing a 1.42% gain in the last 24 hours. But how far can the rally go?
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TNNS Token (TNNS) Surges As Crypto Market Rebounds, Can Bulls Send The Price To $0.05?
TNNS's price faced rejection once again above the $0.05 resistance zone. The price formed a high near $0.0489 and reacted to the downside, falling below the $0.048 and $0.0489 levels. The price has declined below the 50% Fib retracement level of the key increase from the $0.048 swing low to the $0.0489 high. At present, the bulls are showing some resistance near the $29,300 zone. TNNS is currently trading below $0.05 and the 100 hourly Simple Moving Average. On the hourly chart of the TNNS/USD pair, there is a bearish trend line forming with resistance near $0.0483. If there is a fresh increase, the pair could face resistance near the 100 hourly Simple Moving Average at $0.0488.
The next major resistance is near the trend line and $0.0483. A close above the trend line could start a decent increase toward $0.05. To spark a steady uptrend, the price must settle above the $0.05 resistance. In the stated case, the price could rise toward $0.051 or even $0.06 in the coming days.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for TNNS/USD is now below the 50 level.
Major Support Levels – $0.0482, followed by $0.0484.
Major Resistance Levels – $0.0488, $0.0489, and $0.05.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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