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- 1 The Tectonic crypto has revealed a sign of recovery as the price spiked from a crucial level.
- 2 The Tectonic token displays bullish behavior as MACD and RSI aid the price.
Tectonic offers a decentralized finance platform where users can effortlessly earn yields or obtain loans backed by crypto collateral. By parking their digital assets in Tectonic, investors reap variable returns without mandatory holding periods. Conversely, liquidity seekers can secure loans by pledging their cryptocurrencies as security.
This platform operates atop Cronos, a blockchain compatible with Ethereum, designed to complement the Crypto.org chain, akin to the dual-chain architecture of Binance. Cronos harnesses the Cosmos SDK for its infrastructure and adopts a proof-of-authority consensus model.
Tectonic Crypto Token Statistics Overview
The Tectonic crypto has a total liquidity of $1,278,248.28, the total volume of this pair traded in this pool in the last 24 hours session is $30,012.30, and the fully diluted value of Tectonic is $67,748,146.86.
In the last 24 hours, 52 transactions occurred, consisting of 31 sell orders and only 21 buy orders. The 24-hour volume of $30.01 K in terms of buys and sell volume is $13.77K and $16.24 K, respectively.
As per the Tectonic to VVS converter, a single token has a value of 0.02806 VVS, and as per the current trading price on trading view, it is $0.0000001366.
As per the price performance of 1 month, the Tectonic token’s monthly low was at $0.0000001286, the high was at $0.0000001607, and the total supply was 500 Trillion.
Tectonic Token Price Evaluation Over Daily Chart
The Tectonic Token price was in an uptrend from October 2023 to mid-December 2023 and symbolized growth over that period. The price surged from $0.0000001244 to $0.0000002000. However, it faced some resistance at the top due to the presence of the supply region. It then fell all the way back to major support at $0.0000001244.
Since the Tectonic crypto has revealed a sign of recovery as the price spiked from a crucial level of around $0.0000001244 on the chart, and the TONIC asset is exhibiting bullish and rising capacity as it nears the dynamic resistance to cut from below central 20-day and 50-Day EMA bands.
Above all, the Tectonic crypto is displaying bullish behavior as MACD and RSI aid the price. At press time, Tectonic crypto has experienced a surge of 2.72% in the last 24 hours and is currently trading at $0.0000001365.
Therefore, if the demand for the Tectonic remains high, the asset price could surge towards the supply level from the current level. The next target for the price is to reach $0.0000001600; surpassing this would open doors for $0.0000002000 and more.
However, if the Tectonic crypto price fails to stay above the $0.0000001244 level, it could decline further.
Summary
The Tectonic Token price was in an uptrend from October 2023 to mid-December 2023 and symbolized growth over the period. But at the top, it faced some resistance due to the presence of the supply region and fell all the way back to major support.
The Tectonic crypto has revealed a sign of recovery as the price spiked from a crucial level of around $0.0000001244 on the chart, and the Tectonic asset is displaying bullish behavior as MACD and RSI aid the price.
Therefore, if the demand for the Tectonic remains high, the asset price could surge towards the supply level from the current level. The next target for the price is to reach $0.0000001600; surpassing this would open doors for $0.0000002000 and more
Technical Levels
Support Levels: $0.0000001244
Resistance Levels: $0.0000001600
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.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
