TABOO token is currently experiencing a bullish momentum as prices has recorded an increase of 9.55% in the last 24 hours. This comes after the token rose past the $0.00465 support level and continued to sustain the bullish trend. The current resistance level for TABOO stands at $0.005911 and is expected to be broken if the bulls persist. On the other hand, the support level is placed at $0.00465.
This market sentiment of the token can also be noticed from the increased trading volume of $1.19 million. Investors have started to place trust in the token which observed a jump in its market capitalization to a value of $54 million. This reflects an approximate 9.48% increase in the past day.
The technical indicators for the token are also pointing towards a positive trend for TABOO. The Average Directional Index (ADX) is recorded at 45.38, showing strong bullish inclination in the near future. In concurrence, the daily moving average indicator is placed at $0.004518 while the Relative Strength Index (RSI) is at 68.01, both of which are seen to favour bull ride.
The recent developments of the TABOO platform have enabled the token to jump further up the ranks. A former JP Morgan executive led a team to invest $10 million to reinforce the platform’s features, marketing and membership base. These revisions are anticipated to pave the way for revolutionization in the adult entertainment industry and disrupt its current state.
Thus, the adult-themed entertainment platform’s token is expected to continue with its current bullish trend and high performance in the market. Investors have grown confident in the successful implementation of the platform’s plans for betterment thus contributing to building a strong market for the TABOO token.
Nicholas Howard
- 2023-05-05
TABOO Token Rises High in the Market
TABOO token has recorded an increase of 9.55%in the past 24 hours and investors have started to place trust in the token which observed a jump in its market capitalization to a value of $54 million.
