TAC Protocol Price Surges 166.73% Amid Major Token Transfer
- Price Surge: TAC Protocol's price skyrocketed by 166.73% within 24 hours, rising from a low of $0.02019 to a high of $0.06056, indicating a strong market interest and attracting numerous traders to the token.
- Cross-Chain Transfer Impact: A significant transfer of approximately 163 million TAC tokens triggered a trading volume surge exceeding $76 million, with trading activity increasing by over 2,200%, suggesting a sharp rise in market demand that could signal larger market movements ahead.
- Technical Upgrade Anticipation: The TAC Protocol team confirmed a mainnet upgrade to v1.6.0 scheduled for June 30, prompting node operators to update their binaries beforehand, which may enhance user confidence and further drive price increases.
- Market Sentiment Shift: With the Fear and Greed Index leaning towards greed, short sellers faced significant losses, with liquidations totaling $2.59 million in the short term, indicating a shift in sentiment that could support future price movements as interest in the token continues to grow.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TAC
Technical Sentiment Analysis for Talkcoin (TAC). As of , Talkcoin (TAC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 6 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TAC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TAC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Talkcoin (TAC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0645 | -0.0308 | 0.00105 | 0.0348 | 0.0666 | 0.1 | 0.132 |
| Fibonacci | -0.0308 | -0.00574 | 0.00973 | 0.0348 | 0.0598 | 0.0753 | 0.1 |
About TAC
About the author
