Current Trends:
TOMA/USDT price has shown significant movement in recent times, with a big spike occurring before a sharp drop. Currently, the price is in a consolidation phase after the drop, indicating a possible accumulation phase.
Fibonacci Retracement:
Fibonacci levels have been drawn from the previous low around 0.000001292 to the high around 0.000014041. The price is currently below the 0.382 Fibonacci level (0.000004771), which is an initial resistance for further upside potential.
Potential Increase:
If the price is able to break through the 0.382 Fibonacci resistance level, the next target is at the 0.618 level (0.000008460), followed by the 0.786 level (0.000010485). The uptrend can be confirmed if the price manages to break through the main resistance at the previous high (0.000014041).
Volume:
Trading volumes indicate significant activity in the consolidation area, which is often a signal that smart money may be entering the market.
Psychological Notes:
On the chart, there is a claim that “January 1, 1000x will pump”. While this is speculative and cannot be technically verified, positive market sentiment around the date could drive the price higher if many market participants believe in the narrative.
Strategy:
Bullish Case: If price breaks through the major resistance level at 0.000014041, the upside potential could be huge, with price projections moving to higher levels in line with the bullish market structure. Bearish Case: If price falls below the current support (around 0.000001135), the risk of further downside should be considered.
1000x Increase Potential
To achieve a 1000x increase, the price has to move to astronomical levels which requires a very large market cap. This is only possible if there are very strong factors, such as massive adoption, collaboration with large institutions, or extremely bullish crypto market sentiment.
